top of page

Search


Interior Sets Terms for First Seabed-Mining Auction Off American Samoa: Nov. 19, $3 Million Minimum Bids, No Rent for Five Years
The federal government will auction the right to explore 31.5 million acres of ocean floor off American Samoa on Nov. 19, and the final terms are now set: a $3 million minimum bid per area, 20-year leases and no rent at all for the first five years. Interior also answered the territory's governor, who asked for a share of the money. Here is what bidders get, what the government told American Samoa, and who is suing.

Yossi Schmidt
20 hours ago5 min read
bottom of page
