Dubai Telegraph - New Zealand rethinks opposition to deep-sea mining

EUR -
AED 4.189195
AFN 71.863394
ALL 94.21881
AMD 419.878305
ANG 2.0423
AOA 1046.015122
ARS 1685.364164
AUD 1.653202
AWG 2.054673
AZN 1.920848
BAM 1.956208
BBD 2.297479
BDT 140.589301
BGN 1.928775
BHD 0.43008
BIF 3393.577513
BMD 1.140693
BND 1.475495
BOB 7.899473
BRL 5.892711
BSD 1.140738
BTN 107.784101
BWP 15.501891
BYN 3.30816
BYR 22357.577591
BZD 2.294158
CAD 1.620263
CDF 2586.528836
CHF 0.922193
CLF 0.026738
CLP 1052.380215
CNY 7.7546
CNH 7.753568
COP 3927.348049
CRC 517.403297
CUC 1.140693
CUP 30.228357
CVE 110.287502
CZK 24.260478
DJF 203.127882
DKK 7.474321
DOP 67.833543
DZD 151.910582
EGP 56.181859
ERN 17.110391
ETB 183.900797
FJD 2.562851
FKP 0.864482
GBP 0.862141
GEL 3.017169
GGP 0.864482
GHS 12.901406
GIP 0.864482
GMD 83.270405
GNF 10000.040297
GTQ 8.702737
GYD 238.604499
HKD 8.945672
HNL 30.527095
HRK 7.534618
HTG 149.089765
HUF 354.307207
IDR 20363.646692
ILS 3.394844
IMP 0.864482
INR 107.777839
IQD 1494.29833
IRR 1568737.682503
ISK 144.012701
JEP 0.864482
JMD 179.617434
JOD 0.808737
JPY 184.627988
KES 147.69709
KGS 99.753682
KHR 4586.915757
KMF 495.06024
KPW 1026.62386
KRW 1760.750652
KWD 0.353284
KYD 0.950577
KZT 553.843289
LAK 25584.107754
LBP 102147.450057
LKR 383.556575
LRD 207.598716
LSL 18.742142
LTL 3.368169
LVL 0.689994
LYD 7.328495
MAD 10.689528
MDL 20.16176
MGA 4853.969073
MKD 61.683271
MMK 2395.055099
MNT 4083.597231
MOP 9.214719
MRU 45.525488
MUR 53.886625
MVR 17.623409
MWK 1977.968883
MXN 19.93425
MYR 4.643751
MZN 72.886627
NAD 18.742306
NGN 1576.175339
NIO 41.978381
NOK 11.327648
NPR 172.45643
NZD 2.017583
OMR 0.438622
PAB 1.140713
PEN 3.895378
PGK 5.008044
PHP 69.788675
PKR 317.197427
PLN 4.287299
PYG 6946.447724
QAR 4.158067
RON 5.241469
RSD 117.358512
RUB 88.6904
RWF 1674.512289
SAR 4.285055
SBD 9.184804
SCR 16.994393
SDG 684.415923
SEK 11.086319
SGD 1.47544
SHP 0.851642
SLE 28.290723
SLL 23919.760471
SOS 651.930155
SRD 42.756578
STD 23610.03655
STN 24.505107
SVC 9.981036
SYP 126.083161
SZL 18.737741
THB 37.928601
TJS 10.574072
TMT 3.992425
TND 3.378804
TOP 2.746515
TRY 53.20463
TTD 7.754548
TWD 36.377855
TZS 2997.179274
UAH 51.19487
UGX 4180.871344
USD 1.140693
UYU 45.899566
UZS 13747.865222
VES 708.08842
VND 29988.811984
VUV 135.946941
WST 3.172133
XAF 656.087985
XAG 0.01955
XAU 0.000282
XCD 3.082779
XCG 2.05581
XDR 0.817159
XOF 656.090861
XPF 119.331742
YER 272.197797
ZAR 18.725253
ZMK 10267.599495
ZMW 20.651851
ZWL 367.302595
  • RBGPF

    0.2000

    61.5

    +0.33%

  • BTI

    -0.5600

    62.2

    -0.9%

  • RIO

    -0.2700

    93.47

    -0.29%

  • CMSC

    0.0650

    21.995

    +0.3%

  • BCE

    -0.1850

    22.735

    -0.81%

  • AZN

    0.9200

    189.33

    +0.49%

  • RELX

    0.1650

    31.505

    +0.52%

  • NGG

    0.4500

    83.46

    +0.54%

  • RYCEF

    0.7500

    18.75

    +4%

  • BCC

    -2.3200

    78.7

    -2.95%

  • JRI

    0.0100

    12.8

    +0.08%

  • VOD

    -0.2200

    13.67

    -1.61%

  • GSK

    -0.1900

    52.31

    -0.36%

  • BP

    0.4250

    37.555

    +1.13%

  • CMSD

    0.0150

    21.785

    +0.07%

New Zealand rethinks opposition to deep-sea mining
New Zealand rethinks opposition to deep-sea mining / Photo: Handout - National Oceanography Centre / Smartex project (NERC)/AFP/File

New Zealand rethinks opposition to deep-sea mining

New Zealand is considering withdrawing its support for an international ban on deep-sea mining, the country's resources minister told AFP on Tuesday.

Text size:

Resources Minister Shane Jones said opposition to the fledgling industry was rooted in "shrill" environmental alarmism and "luxury beliefs" that ignored the need for economic growth.

New Zealand backed a ban on deep-sea mining under former progressive prime minister Jacinda Ardern in 2022, citing the risk of "irreversible" damage in poorly understood ecosystems.

However Jones, a senior minister in the governing centre-right coalition, said officials were rethinking that stance.

"We're talking about this with our foreign affairs minister," he told AFP in an interview.

"We can't deny ourselves the option where critical minerals have an increasingly critical role to play.

"We can't afford these luxury beliefs that have been imposed upon us."

Companies stand to earn billions of dollars by scraping the ocean floor for polymetallic nodules that are loaded with manganese, cobalt, copper and nickel -- metals used to build batteries for electric vehicles.

But the industry faces sharp criticism from scientists and environmental advocates, who fear new techniques could wreak havoc in poorly understood ecosystems.

"I personally think that seabed mining has become the last green trophy, so people are tossing around the most absurd, untested theories," Jones said.

"And I'm not going to back down from these shrill voices."

- Theatre and posturing -

Jones was unruffled by suggestions a pro-mining stance could weaken support among New Zealand's climate-threatened Pacific Island neighbours.

"I understand there's a lot of theatre and posturing that happens when small island nations go to international fora," he said.

"We've imposed upon ourselves an ideological corset, which we can no longer afford to wear."

Deep-sea mining is one of the few issues on which Pacific Island nations are divided.

Nauru and Tonga are pushing for deep-sea mining in international waters, while Palau, Samoa and Fiji are staunchly opposed.

Canada-based The Metals Company has been working with the Nauru government in the hope of starting mining by 2026.

Harvard-educated Jones recently unveiled a pro-mining agenda differing wildly from the environmentally friendly policies of Ardern's former government.

Under Jones, the isolated island nation will look to dig up everything from critical minerals to coal and iron-rich sands at the bottom of the sea.

New Zealand's desire to scoop up this sand differs from deep-sea mining, which targets polymetallic lumps nestled in much deeper waters.

- 'Tiny pimple' -

"We think that the seabed is a legitimate part of our broader primary sector economy," Jones said.

"It would seem odd that we were mining minerals in our own oceanic environment but we are telling others not to do it."

New Zealand has long traded on a "clean green" image that highlights its rolling pastures, untouched rainforests and pristine waterways.

Ardern was lauded during her term as a climate hero when she banned offshore gas exploration in 2018.

However the current government has already moved to unwind that ban, with Jones occasionally voicing the "drill, baby, drill" mantra favoured by US President Donald Trump.

"The pendulum swung too far driven by woke climate catastrophisation where mining became demonised," Jones said.

"Climate change will require us to adapt but New Zealand is such a tiny pimple in relation to the world's emissions, we are arguably irrelevant."

R.El-Zarouni--DT