"$17 Billion Spanish Shipwreck Recovery Looms"

The $17 billion Spanish galleon ship San José, which sank in Colombian waters in 1708, is set to be recovered in April, with its treasure of 200 tons of silver and emeralds, 11 million gold coins, and other artifacts. The recovery will be managed by the Colombian government and involves coordination between various agencies. The ship's ownership has been the subject of legal disputes involving Colombia, Spain, and a U.S. salvage company. UNESCO has intervened to prevent the commercial exploitation of the ship's artifacts, and the recovery process will be funded by the Colombian State.