Dubai Telegraph - US finalizes rule for deep-sea mining beyond its waters

EUR -
AED 4.215763
AFN 72.319432
ALL 96.250511
AMD 433.530234
ANG 2.054886
AOA 1052.649851
ARS 1605.041005
AUD 1.627805
AWG 2.06627
AZN 1.952677
BAM 1.960904
BBD 2.315928
BDT 141.097233
BGN 1.962163
BHD 0.433516
BIF 3413.584513
BMD 1.147928
BND 1.47143
BOB 7.94568
BRL 6.045904
BSD 1.149893
BTN 106.138709
BWP 15.668849
BYN 3.402355
BYR 22499.382989
BZD 2.312519
CAD 1.569918
CDF 2590.872602
CHF 0.903995
CLF 0.026617
CLP 1051.008272
CNY 7.916795
CNH 7.911483
COP 4240.54825
CRC 541.010441
CUC 1.147928
CUP 30.420084
CVE 110.553218
CZK 24.433584
DJF 204.762935
DKK 7.471654
DOP 70.644173
DZD 151.956974
EGP 60.095851
ERN 17.218916
ETB 179.486229
FJD 2.543695
FKP 0.866615
GBP 0.86424
GEL 3.133911
GGP 0.866615
GHS 12.487501
GIP 0.866615
GMD 84.391326
GNF 10081.028197
GTQ 8.817989
GYD 240.56612
HKD 8.98925
HNL 30.437352
HRK 7.534075
HTG 150.767805
HUF 389.675577
IDR 19505.587538
ILS 3.586138
IMP 0.866615
INR 105.924459
IQD 1506.327068
IRR 1517244.7443
ISK 143.617015
JEP 0.866615
JMD 180.420365
JOD 0.81386
JPY 182.616948
KES 148.654125
KGS 100.386359
KHR 4610.980884
KMF 494.756922
KPW 1033.134925
KRW 1710.52135
KWD 0.352115
KYD 0.958198
KZT 562.92758
LAK 24639.128089
LBP 102968.395132
LKR 357.859841
LRD 210.418571
LSL 19.312464
LTL 3.389532
LVL 0.694369
LYD 7.337096
MAD 10.829887
MDL 20.059208
MGA 4774.447217
MKD 61.66314
MMK 2410.237597
MNT 4099.576954
MOP 9.269466
MRU 46.005739
MUR 53.654501
MVR 17.735995
MWK 1993.797928
MXN 20.440127
MYR 4.511928
MZN 73.364265
NAD 19.312549
NGN 1584.174748
NIO 42.310305
NOK 11.139837
NPR 169.821734
NZD 1.964437
OMR 0.441378
PAB 1.149793
PEN 3.965321
PGK 5.028087
PHP 68.547329
PKR 321.064833
PLN 4.268403
PYG 7418.307578
QAR 4.179897
RON 5.094046
RSD 117.399254
RUB 93.496271
RWF 1677.974562
SAR 4.30773
SBD 9.24279
SCR 15.713391
SDG 689.904142
SEK 10.75777
SGD 1.468045
SHP 0.861243
SLE 28.18199
SLL 24071.482406
SOS 656.010251
SRD 43.10238
STD 23759.785806
STN 24.563932
SVC 10.06123
SYP 126.874693
SZL 19.306248
THB 37.205504
TJS 11.021333
TMT 4.017747
TND 3.400565
TOP 2.763934
TRY 50.72017
TTD 7.798331
TWD 36.719334
TZS 2990.351426
UAH 50.707096
UGX 4323.252098
USD 1.147928
UYU 46.190421
UZS 13884.075513
VES 508.192904
VND 30179.019325
VUV 137.252268
WST 3.139829
XAF 657.671582
XAG 0.014508
XAU 0.000229
XCD 3.102332
XCG 2.072303
XDR 0.817932
XOF 657.66871
XPF 119.331742
YER 273.838357
ZAR 19.27319
ZMK 10332.727681
ZMW 22.381252
ZWL 369.632252
  • RBGPF

    0.1000

    82.5

    +0.12%

  • CMSC

    0.0600

    23.05

    +0.26%

  • BTI

    1.6300

    61.56

    +2.65%

  • NGG

    0.7300

    91.63

    +0.8%

  • BP

    0.4500

    43.12

    +1.04%

  • GSK

    1.0300

    54.42

    +1.89%

  • AZN

    2.2550

    192.155

    +1.17%

  • BCC

    1.4200

    71.42

    +1.99%

  • BCE

    0.4121

    25.66

    +1.61%

  • RIO

    2.1900

    90.02

    +2.43%

  • RELX

    -0.0100

    34.13

    -0.03%

  • CMSD

    0.0500

    23.04

    +0.22%

  • JRI

    0.1580

    12.748

    +1.24%

  • VOD

    0.2350

    14.645

    +1.6%

  • RYCEF

    -0.2300

    16.32

    -1.41%

US finalizes rule for deep-sea mining beyond its waters
US finalizes rule for deep-sea mining beyond its waters / Photo: William WEST - AFP/File

US finalizes rule for deep-sea mining beyond its waters

President Donald Trump's administration on Tuesday issued a new rule to fast-track deep-sea mining in international waters, bringing the United States a step closer to unilaterally launching the controversial industry.

Text size:

The National Oceanic and Atmospheric Administration's 113-page document consolidates what is currently a two-step permitting process -- one for exploration and another for commercial recovery -- into a single review, thus reducing environmental oversight.

It claims authority under the 1980 Deep Seabed Hard Mineral Resources Act to govern harvesting of minerals in areas beyond US jurisdiction.

"Over the past decades there has been a vast improvement in the technological capability for deep seabed mining, and the industry has obtained a substantial amount of information from deep seabed exploration activities," a document posted to the Federal Register said, justifying the consolidation.

But Emily Jeffers, a senior attorney at the Center for Biological Diversity, pushed back against the idea that scientific understanding of the deep ocean has advanced in leaps and bounds, adding the seabed remains one of the planet's last largely unexplored frontiers, where scientists are only beginning to grasp how ecosystems function.

"By issuing the permit simultaneously, they're committing to exploitation without the information that you would need to evaluate its impacts," she told AFP.

The rule follows an executive order signed by President Donald Trump last April directing agencies to streamline processes in a push to harvest seabed minerals, including rare earth elements critical to clean energy and defense technologies.

Teeming with mysterious species, the ocean floor has become a coveted frontier for companies and countries seeking access to minerals in high demand for technologies such as electric vehicles.

Swathes of Pacific Ocean seabed are carpeted in potato-sized "polymetallic nodules" containing cobalt, nickel, copper and manganese.

Scientists, however, worry that mining could smother species through sediment plumes or release heavy metals that move up the food chain.

Canadian firm The Metals Company has emerged as a frontrunner in the race, seeking to explore for minerals in the Clarion-Clipperton Zone of the Pacific Ocean.

That prospect has unsettled the United Nations' International Seabed Authority, which issued a veiled warning about TMC's potential activities last year.

ISA-member countries are deeply divided over how to proceed, with a growing number calling for a moratorium.

French President Emmanuel Macron has said it would be "madness to launch predatory economic action that will disrupt the deep seabed, disrupt biodiversity, destroy it and release irrecoverable carbon sinks -- when we know nothing about it."

The United States is not party to the ISA or to the UN Convention on the Law of the Sea (UNCLOS), under which the authority was established in 1994.

A.El-Ahbaby--DT