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May 5, 2014
08:19 EDTOMEXOdyssey Marine recovered about 1,000 oz of gold from SS Central America
Odyssey Marine Exploration recovered nearly 1,000 ounces of gold during the first reconnaissance dive to the SS Central America shipwreck site on April 15. Recovered gold included five gold ingots and two $20 Double Eagle coins; one 1857 minted in San Francisco and one 1850 minted in Philadelphia. The gold ingots were stamped with assayer's marks and weights that range from 96.5 to 313.5 troy ounces. The two-hour reconnaissance dive was conducted during the transit of Odyssey's research vessel, the Odyssey Explorer, from the United Kingdom to Charleston, South Carolina, to mobilize for the project, which is being conducted under contract with the receiver of Recovery Limited Partnership, or RLP. RLP director of operations Craig Mullen and RLP chief scientist/historian Bob Evans accompanied the Odyssey team for the dive operation. Evans previously served as chief scientist, historian and later as curator for the initial Central America recovery operations conducted between 1988 and 1991. The archaeological excavation, valuable cargo recovery and ship-board conservation will be conducted and underwritten by Odyssey on behalf of RLP. In return, Odyssey will receive 80% of recovery proceeds until a fixed mobilization fee and a negotiated day rate are paid. Thereafter, Odyssey will receive 45% of the recovery proceeds.
News For OMEX From The Last 14 Days
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June 29, 2015
08:42 EDTOMEXOdyssey Marine announces ExO completes documentation filing for 'Don Diego'
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June 22, 2015
09:27 EDTOMEXOdyssey Marine extends environmental review time frame of 'Don Diego'
Odyssey Marine Exploration reported that Exploraciones Oceanicas, or ExO, the Mexican company that controls the “Don Diego” offshore phosphate resource has opted to extend the review period for their Environmental Impact Assessment, or EIA, by resubmitting the EIA. Odyssey controls ExO through the company’s 54% ownership in Oceanica Resources. Under the Mexican legal process, the only mechanism to extend the EIA time frame, thereby allowing the briefings to occur after Monday, June 22, is to resubmit the EIA, which is expected to take place in the coming weeks. Economic assistance, employment and extensive environmental monitoring and mitigation programs have already been developed and voluntarily proposed by ExO. These programs were designed to reinforce the company’s commitment to good corporate citizenship and environmental stewardship. Local officials and industry leaders will be briefed and their ideas sought for maximizing the benefit of these programs on a local basis. These measures include significant job creation in the region; monitoring and protection programs for marine turtles, fish, benthic invertebrates, marine fauna, marine mammals including whales, and seabirds; education programs; and a seafloor restoration program. As a demonstration of their continued support, MINOSA has accelerated the disbursement of the final debt advance to Odyssey, bringing the total amount advanced to $14.75M.

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