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    Du er her:Home » ISA: No hasty decisions despite deadline breach
    Dyphavsmineraler

    ISA: No hasty decisions despite deadline breach

    Av Ronny Setsåaugust 8, 2023
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    Although some were hopeful, the International Seabed Authority did not complete and adopt the necessary mining regulations to start accepting and processing deep-sea mining applications from companies during its meeting in July. Instead, it has set its sight on finishing the work by 2025.

    This collector was a key piece of the pilot nodule collection system trial carried out by The Metals Company and Allseas in the CCZ in September last year. Source: TMC

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    The Metals Company (TMC) is eager to begin production. They might be the first company in the world to start deep sea mining in the Clarion-Clipperton Zone (CCZ), located in the Pacific Ocean between Mexico and Hawaii. A handful of other companies are following TMC suit.

    However, the International Seabed Authority (ISA), which manages maritime areas beyond the limits of national jurisdictions, including the CCZ, recently decided to pull the breaks.

    The executive organ of ISA, The Council, closed its meeting late in July. The main item on its agenda was whether it should conclude its work on regulations and the overall framework for the exploitation of mineral resources. The draft regulations for full-scale mining have been in the works since 2011.

    The 36 members comprising the organ said they made significant progress concerning the regulations and announced that they intend to continue the work with a view to adopting them during their 30th session in 2025 (likely late in the year). A roadmap for continued work until their session in 2024 has been adopted.

    The Deep Sea Minerals 2023 conference

    Demand for critical minerals is expected to be greater than the supply from the mining industry and recycling. Further, the value chains are highly geographically concentrated, making them vulnerable to political instability, geopolitical risks, natural disasters and possible export restrictions. 

    Bergen, December 5-7th 2023

    More information

    The Council’s decision means that the mining companies will need to exercise patience, especially those that had hoped for a quick resolution (TMC had its sight on first ore late 2024). By July 2023, ISA had by no means finished the job of issuing the necessary rules and regulations for mining permits.

    But time was seemingly running out. Two years earlier, the Republic of Nauru invoked a rule, making the ISA required to adopt regulations for exploitation in the deep sea by July 9th, 2023, or accept applications under the current regulations that exist by that date.

    Norway was among the countries that asked ISA to fulfill the Authority’s mandate to finalize the regulatory framework by July. Other ISA member countries, as well as external stakeholders such as environmental organizations, argued that more time was required to better understand the impact of mining on the ecosystems.

    Even though the green light for deep sea mining is yet to be lit in the ISA Area, the “two-year rule” still technically holds, meaning the Authority will have to accept a “plan of work” by companies that are eager to move forward.

    ISA stated that they adopted a decision relating to such applications, should they appear before the exploitation regulations are completed. In short, if they do receive a “plan of work”, they will decide how to take action during their next meeting in November 2023.

    The Head of the Spanish delegation, Diego Bermejo Romero de Terreros, Ambassador of Spain and Permanent Representative of Spain to ISA, welcomed the agreement on the way forward as a key outcome of the meetings.

    – It will allow us to fulfill our mandate to complete the regulations while ensuring the effective protection of the marine environment, he claimed.

    The CEO and Chairman of The Metals Company Gerard Barron said in a statement that the company is disappointed that ISA had failed to adopt regulations by July 9th, but that he believed the finish line is within sight.

    Sponsored by member states, the companies, such as TMC – also called contractors – are currently allowed to do mapping, exploration, and technology development and testing in the CCZ.

    ISA adopted regulations for exploration more than ten years ago, and they have currently granted more than 30 exploration contracts.

    The mineral resources in the CCZ are found in polymetallic nodules, potato-sized concretions on the seafloor that are rich in metals. TMC has for good reason branded them “battery rocks”. Chemical analyses have shown that the nodules contain several metals (nickel, cobalt, copper, and manganese) that will likely be in high demand going forward due to their increasing use in battery manufacturing and other green technologies.

    Nodules on the seabed in the CCZ. Photo: ROV KIEL 6000 / RV SONNE / GEOMAR

    The grades surpass most onshore mines, and the CCZ is considered the largest nodule field in the world. Nodules are deemed advantageous in terms of extraction compared to other deposits in the sea and on land. There is no need for blasting or quarrying to retrieve the nodules. Their size makes them easy to handle (pick up), and the high metal content results in less tailings (TMC believes they can make use of all mineral components, leaving no residue).

    Two Norwegian companies are involved in the CCZ: Loke currently holds two licenses after they acquired UK Seabed Resources, while Green Minerals earlier this year announced that they signed a Memorandum of Understanding to partner in on a license.

    The Council will issue a consolidated negotiating text of the draft regulations following their meeting in November 2023.

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