Keppel Corp unit signs seabed exploration contract

June 16, 2015 11:03 AM

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SINGAPORE, June 16 A subsidiary of Singaporean conglomerate Keppel Corp Ltd said it signed a 15-year contract with the International Seabed Authority to search the ocean for scarce minerals.

The push to explore the ocean is gaining momentum as ore grades on land decline and demand grows for metals in high-tech applications.

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