I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Tuesday 16 June 2015

Keppel subsidiary OMS bags 15-year contract for seabed exploration

By
KEPPEL Corporation's majority owned company Ocean Mineral Singapore (OMS) has bagged a 15-year contract for seabed exploration within the Clarion-Clipperton Fracture Zone of the Pacific Ocean with the International Seabed Authority (ISA).

OMS, sponsored by the Singapore government, is the first Singaporean company to be awarded an exploration contract for polymetallic nodules, said the company in a statement on Tuesday.
This follows the approval of OMS' application for the exploration licence for polymetallic nodules by the ISA on July 21, 2014.

Said OMS director Ong Ye Kung: "We are encouraged by reaching another milestone in our journey to find a more sustainable way of supporting the world's need for metal resources. In addition, we look forward to working closely with the ISA and other stakeholders to develop an environmentally responsible and commercially viable solution."

Polymetallic nodules - which contain copper, nickel, cobalt and manganese, and rare earth minerals - have the potential of supplying these key metals to meet growing global demand in applications such as construction, aerospace and alternative energy, said OMS.

Supported by the Keppel-NUS Corporate Laboratory, OMS will be conducting environmental studies and surveys for deposits of polymetallic nodules within the approved area of 58,000 sq km, which is approximately 80 times the size of Singapore, added the company.



3 comments:

  1. A potential upside to Keppel may come from OMS if polymetallic is found in the seabed exploration???

    ReplyDelete
  2. Analogous to finding a needle in a haystack.

    ReplyDelete
    Replies
    1. Human can't. Think technology.

      Use Magnetic Robot to find a needle in a haystack. No problem. Right?

      Delete

Related Posts with Thumbnails