Sunday 7 November 2010

Gold in them there seas!

Minister Carme Chacon,  Angeles Gonzalez-Sinde
Spain has decided to send an armada into the waters around its coasts to seek out hundreds of shipwrecks in an attempt to head off a US marine exploration firm accused of plundering Spanish property from the seabed.
More than 100 suspected shipwrecks have been located by the Spanish navy in the Gulf of Cádiz, considered one of the world's richest hunting grounds for underwater treasure. Most are Spanish galleons returning from the colonies in South America believed to have sunk in waters around Cádiz.
Three Spanish navy vessels are devoting two months to the project, which will end in mid-November. Spain's navy said it had recovered evidence from potential wreck sites which was being analysed by archaeologists.
Spain wants to avoid a repeat of the saga that began in 2007 when the US firm salvaged an estimated $500m (£314m) in silver coins and artefacts from what Spain claims was a Spanish galleon. The treasure was landed at Gibraltar and then flown out to the USA. A US court ruled last year that the find belongs to Spain, but the firm appealed and still has the treasure.

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