Deep Seabed Mining
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Singaporeans and companies based here will have to obtain a licence before mining for minerals in the open sea as the Deep Seabed Mining Bill was passed in Parliament today (12 Feb).
[ More ]India, with approval from the International Seabed Authority (ISA), will launch exploration of mineral deposits such as polymetallic sulphides off the coast of Mauritius.
[ More ]China's deep-sea manned submersible today carried out its first dive in the southwest Indian Ocean to look for deposits of copper, zinc and other precious metals.
[ More ]The world’s first deep-sea mine will open in 2018 in the waters off Papua New Guinea, with purpose-built machinery to extract precious metals from the sea bed.
[ More ]Mining phosphate on the Chatham Rise, off the east coast of New Zealand’s south island, could potentially have many impacts on marine mammals like whales and dolphins, the Environmental Protection Agency was told today.
[ More ]Mining phosphate from the seabed of the Chatham Rise would remove a protected coral species crucial to the local ecosystem according to new research.
[ More ]After years of negotiations and false starts the controversial deep sea mining initiative is close to a breakthrough after a deal was struck with Papua New Guinea.
[ More ]Companies are beginning to mine the deep sea for minerals to help power high-tech components found in wind turbines, cellphones and laptops.
[ More ]A quiet international rush is under way to stake out seabed claims to valuable minerals, concentrating on the central Pacific. Led by big businesses such as the US defence contractor, Lockheed Martin, it offers the dream of fortunes to poor island nations.
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Vast new areas of the ocean floor have been opened up in an accelerating search for valuable minerals including manganese, copper and gold. In a move that brings closer a new era of deep sea mining, the UN's International Seabed Authority (ISA) has issued seven new exploration licences.
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By ratifying the treaty, the U.S. will not instantaneously regain its former influence, but it will be a huge step in the right direction compared to its static approach for the past three decades.187 Upon ratification, the U.S. will first regain its seat on the ISA’s Council.188 In addition, the U.S. will gain “important veto rights over distribution of any future revenues from deep seabed exploitation to national liberation groups.”189
Not only will the U.S. regain a seat on the ISA’s Council, but also it will have the ability to participate in the elections of judges for the International Tribunal for the Law of the Sea,190 members of the Commission on the Limits of the Continental Shelf (CLCS),191 and other arms of the ISA.192 This is a critical opportunity for the U.S. to place its own representatives in key areas of the ISA to help restore U.S. presence in vital matters concerning the Area.193 Furthermore, by reasserting itself as an authoritative component in the ISA, the U.S. will be better able to sway other nations in the issuing of decisions by the ISA.194 By taking this route versus obtaining a “veto” power over all ISA decisions, the U.S. will be more respected by Member States rather than being seen as a haughty and stubborn Western power as characterized by Molitor.195
Lockheed Martin has already sent American jobs outside the U.S. in order to obtain the benefits from ISA Member States.232 As 2018 approaches, the eyes of the world will turn its focus on Nautilus’ attempt to successfully operate the world’s first deep seabed mining operation.233 The success of the Solwara 1 Project will usher in a new era of opportunity for all, excluding non-ratifying States like the U.S.234 The probable response by other U.S. companies would be to follow Lockheed Martin’s footsteps, triggering the trend of utilizing foreign subsidiaries to operate deep seabed mining businesses, to the detriment of the United States.235