Abstract: A system and method of off shore mining for retrieval and extraction of heavy mineral concentrate from placer deposits or other suitable materials. The system comprises a dredge vessel and a barge, coupled in conjunction to the dredge vessel. The dredge vessel having thereon a dredging unit, at least one gravity separator and spiral separators for procurement of total heavy minerals from dredged sediment and debris. The barge is configured to acquire and process the total heavy minerals, wherein the barge has thereon at least one magnetic separator, electro-magnetic separators, and density separators for separation of desired minerals based on their physical properties. The system further comprises at least one discharge conduit for tailing of wastes, leftover after extraction and separation of desired minerals, back into water bodies.