Berliner Boersenzeitung - Concerns and impatience over mining the world's seabeds

EUR -
AED 4.104397
AFN 76.945413
ALL 99.231189
AMD 432.617988
ANG 2.010719
AOA 1036.724537
ARS 1074.129077
AUD 1.641361
AWG 2.011389
AZN 1.904081
BAM 1.955429
BBD 2.252673
BDT 133.324726
BGN 1.955529
BHD 0.42062
BIF 3234.286875
BMD 1.117438
BND 1.441627
BOB 7.709539
BRL 6.055052
BSD 1.115688
BTN 93.249023
BWP 14.748204
BYN 3.651208
BYR 21901.788071
BZD 2.248874
CAD 1.517202
CDF 3208.165381
CHF 0.949812
CLF 0.037598
CLP 1037.433333
CNY 7.880067
CNH 7.870123
COP 4641.820049
CRC 578.89026
CUC 1.117438
CUP 29.612111
CVE 110.244101
CZK 25.088056
DJF 198.672338
DKK 7.466767
DOP 66.967305
DZD 147.657009
EGP 54.142736
ERN 16.761573
ETB 129.466357
FJD 2.459262
FKP 0.850995
GBP 0.83876
GEL 3.051043
GGP 0.850995
GHS 17.539675
GIP 0.850995
GMD 76.548818
GNF 9639.172699
GTQ 8.624365
GYD 233.395755
HKD 8.706352
HNL 27.675753
HRK 7.597474
HTG 147.212093
HUF 393.517458
IDR 16941.25656
ILS 4.226056
IMP 0.850995
INR 93.284241
IQD 1461.522939
IRR 47035.770303
ISK 152.262556
JEP 0.850995
JMD 175.286771
JOD 0.791709
JPY 160.715589
KES 143.922717
KGS 94.13132
KHR 4531.14103
KMF 493.181764
KPW 1005.693717
KRW 1488.975611
KWD 0.340897
KYD 0.929724
KZT 534.908597
LAK 24636.329683
LBP 99909.860054
LKR 340.395471
LRD 223.1377
LSL 19.586187
LTL 3.299505
LVL 0.675928
LYD 5.297996
MAD 10.818149
MDL 19.468309
MGA 5046.04342
MKD 61.598323
MMK 3629.395577
MNT 3797.054841
MOP 8.955702
MRU 44.337595
MUR 51.268486
MVR 17.164273
MWK 1934.433289
MXN 21.694843
MYR 4.698871
MZN 71.348848
NAD 19.586187
NGN 1831.984424
NIO 41.062216
NOK 11.714943
NPR 149.198716
NZD 1.791197
OMR 0.429669
PAB 1.115688
PEN 4.181807
PGK 4.367172
PHP 62.188829
PKR 309.994034
PLN 4.274593
PYG 8704.349913
QAR 4.067529
RON 4.972492
RSD 117.064808
RUB 103.380402
RWF 1504.014883
SAR 4.193134
SBD 9.282489
SCR 14.59602
SDG 672.143165
SEK 11.365691
SGD 1.442952
SHP 0.850995
SLE 25.530448
SLL 23432.113894
SOS 637.579134
SRD 33.752262
STD 23128.713955
SVC 9.762149
SYP 2807.596846
SZL 19.593286
THB 36.793929
TJS 11.859752
TMT 3.911034
TND 3.380559
TOP 2.617156
TRY 38.124201
TTD 7.588561
TWD 35.736832
TZS 3045.822602
UAH 46.114158
UGX 4133.216465
USD 1.117438
UYU 46.101261
UZS 14197.308611
VEF 4047978.463464
VES 41.096875
VND 27494.566096
VUV 132.664504
WST 3.125992
XAF 655.832674
XAG 0.035881
XAU 0.000426
XCD 3.019933
XDR 0.826843
XOF 655.832674
XPF 119.331742
YER 279.722751
ZAR 19.477909
ZMK 10058.288435
ZMW 29.537401
ZWL 359.814634
  • CMSD

    0.0100

    25.02

    +0.04%

  • JRI

    -0.0800

    13.32

    -0.6%

  • BCC

    -7.1900

    137.5

    -5.23%

  • CMSC

    0.0300

    25.15

    +0.12%

  • GSK

    -0.8200

    40.8

    -2.01%

  • BCE

    -0.1500

    35.04

    -0.43%

  • SCS

    -0.3900

    12.92

    -3.02%

  • RIO

    -1.6100

    63.57

    -2.53%

  • AZN

    -0.5200

    78.38

    -0.66%

  • RELX

    -0.1400

    47.99

    -0.29%

  • VOD

    -0.0500

    10.01

    -0.5%

  • RYCEF

    0.0200

    6.97

    +0.29%

  • RBGPF

    58.8300

    58.83

    +100%

  • BTI

    -0.1300

    37.44

    -0.35%

  • BP

    -0.1200

    32.64

    -0.37%

  • NGG

    0.7200

    69.55

    +1.04%

Concerns and impatience over mining the world's seabeds
Concerns and impatience over mining the world's seabeds / Photo: Mike LEYRAL - AFP

Concerns and impatience over mining the world's seabeds

The prospect of large-scale mining to extract valuable minerals from the depths of the Pacific Ocean, once a distant vision, has grown more real, raising alarms among the oceans' most fervent defenders.

Text size:

"I think this is a real and imminent risk," Emma Wilson of the Deep Sea Conservation Coalition, an umbrella organization of environmental groups and scientific bodies, told AFP.

"There are plenty of stakeholders that are flagging the significant environmental risks."

And the long-awaited treaty to protect the high seas, even if it is adopted in negotiations resuming on Monday, is unlikely to alleviate risks anytime soon: it will not take effect immediately and will have to come to terms with the International Seabed Authority (ISA).

That agency, established under the UN Convention on the Law of the Sea, has 167 member states.

It has authority over the ocean floors outside of member states' Exclusive Economic Zones (which extend up to 200 nautical miles, or 370 kilometers, from coastlines).

But conservation groups say the ISA has two glaringly contradictory missions: protecting the sea floors under the high seas while organizing the activities of industries eager to mine untapped resources on the ocean floor.

For now, some 30 research centers and enterprises have been approved to explore -- but not exploit -- limited areas.

Mining activities are not supposed to begin before negotiators adopt a mining code, already under discussion for nearly a decade.

- Making waves -

But the small Pacific island nation of Nauru, impatient with the plodding pace of progress, made waves in June 2021 by invoking a clause allowing it to demand relevant rules be adopted within two years.

Once that deadline is reached, the government could request a mining contract for Nori (Nauru Ocean Resources), a subsidiary of Canada's The Metals Company.

Nauru has offered what it called a "good faith" promise to hold off until after an ISA assembly in July, in hopes it will adopt a mining code.

"The only thing we need is rules and regulations in place so that people are all responsible actors," Nauru's ambassador to the ISA Margo Deiye told AFP.

But it is "very unlikely" that a code will be agreed by July, said Pradeep Singh, a sea law expert at the Research Institute for Sustainability, in Potsdam, Germany.

"There's just too many items on the list that still need to be resolved," he told AFP. Those items, he said, include the highly contentious issue of how profits from undersea mining would be shared, and how environmental impacts should be measured.

NGOs thus fear that Nori could obtain a mining contract without the protections provided by a mining code.

Conservation groups complain that ISA procedures are "obscure" and its leadership is "pro-extraction."

The agency's secretary-general, Michael Lodge, insists that those accusations have "absolutely no substance whatsoever."

He noted that contracts are awarded by the ISA's Council, not its secretariat.

"This is the only industry...that has been fully regulated before it starts," he said, adding that the reason there is no undersea mining "anywhere in the world right now is because of the existence of the ISA."

- Target: 2024 -

Regardless, The Metals Company is making preparations.

"We'll be ready, and aim to be in production by the end of 2024," chief executive Gerard Barron told AFP.

He said the company plans to collect 1.3 million tons of material in its first year and up to 12 million tons by 2028, all "with the lightest set of impacts."

Barron said tons of polymetallic nodules (rich in minerals such as manganese, nickel, cobalt, copper and rare earths), which had settled to the ocean floor over the centuries, could easily be scraped up.

This would occur in the so-called Clipperton Fracture Zone, where Nori in late 2022 conducted "historic" tests at a depth of four kilometers (2.4 miles).

But Jessica Battle of the WWF conservation group said it is not that simple. Companies might, for example, suck up matter several yards (meters) down, not just from the seabed surface.

"It's a real problem to open up a new extractive frontier in a place where you know so little, with no regulations," she told AFP. "It will be a disaster."

Scientists and advocacy groups say mining could destroy habitats and species, some of them still unknown but possibly crucial to food chains; could disturb the ocean's capacity to absorb human-emitted carbon dioxide; and could generate noises that might disrupt whales' ability to communicate.

- Moratorium calls -

"The deep ocean is the least known part of the ocean," said deep-sea biologist Lisa Levin of the Scripps Institution of Oceanography. "So change might take place without anybody ever seeing it."

She has signed a petition calling for a moratorium on mining. Some companies and about a dozen countries support such a call, including France and Chile.

With its slogan, "A battery in a rock," The Metals Company emphasizes the world's need for metals used in electric-vehicle batteries; Nauru makes the same case.

But while island nations are among the first to feel the impact of global warming, Nauru says it can't wait forever for the funds rich countries have promised to help it adapt to those impacts.

"We're tired of waiting," said Deiye, the Nauru ambassador.

And Lodge says people should keep the anti-extraction arguments in perspective.

Of the 54 percent of seabeds under ISA jurisdiction, he said, "less than half a percent is under exploration... and of that half a percent, less than one percent is likely ever to be exploited."

(U.Gruber--BBZ)