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Bloomberg reported that Japan is changing a mining law so it can develop valuable seabed resources.
Bloomberg reported that Japan is changing a mining law so it can develop valuable seabed resources.
The market news is quoted as saying:
The ministry’s move to strengthen control of natural resources in the seabed within the country’s exclusive economic zone, or EEZ, comes after it last year revised legislation to allow state-owned Japan Oil, Gas and Metals National Corp. to help domestic companies acquire mining rights overseas.
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