{"id":5760,"date":"2023-09-21T19:02:59","date_gmt":"2023-09-21T19:02:59","guid":{"rendered":"https:\/\/northamericanmining.com\/?p=5760"},"modified":"2023-09-21T19:03:01","modified_gmt":"2023-09-21T19:03:01","slug":"deep-sea-mining-plans-on-hold","status":"publish","type":"post","link":"https:\/\/northamericanmining.com\/index.php\/2023\/09\/21\/deep-sea-mining-plans-on-hold\/","title":{"rendered":"Deep-sea mining plans on hold\u00a0"},"content":{"rendered":"\n

U.N.-backed regulator Council of the International Seabed Authority ruled out any immediate permission for deep-sea mining to begin after a meeting in Jamaica ended without agreement on how to regulate the industry, reported Reuters<\/em>.<\/p>\n\n\n\n

\n

\u201cWhat seems crystal clear is that the majority of states feel very uneasy about a license being granted before the regulations are in place, enough scientific research is done, and the effective protection of the marine environment can be ensured,\u201d said Jessica Battle, ocean expert at the Worldwide Fund for Nature, in August.<\/p>\n<\/blockquote>\n\n\n\n

At the heart of the debate, Reuters<\/em> noted, is a loophole known as the \u201ctwo-year rule\u201d that states the council must \u201cconsider and provisionally approve\u201d applications two years after they are submitted, whether it finalized regulations or not.<\/p>\n\n\n\n

The Pacific island of Nauru triggered the rule in July 2021 on behalf of a subsidiary of Canadian-based The Metals Company. However, the International Seabed Authority said that it has not received any applications to start mining yet. If it receives an application for a \u201cplan of work\u201d before it finishes setting up regulations, the council said it would prioritize making a decision on how the two-year rule should be applied at its next meeting. <\/p>\n\n\n\n

\u201cIt is now a question of when \u2013 rather than if \u2013 commercial-scale nodule collection will begin,\u201d said The Metals Company Chairman and CEO Gerard Barron.<\/p>\n\n\n\n

\u201cI believe the finish line is now within sight and we look forward to the consolidated regulatory text at the next meeting in November 2023.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

U.N.-backed regulator Council of the International Seabed Authority ruled out any immediate permission for deep-sea mining to begin after a meeting in Jamaica ended without agreement on how to regulate the industry, reported Reuters. \u201cWhat seems crystal clear is that the majority of states feel very uneasy about a license being granted before the regulations are in place, enough scientific…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12],"tags":[2349,1564],"coauthors":[1644],"class_list":["post-5760","post","type-post","status-publish","format-standard","hentry","category-the-headlines","tag-deep-sea-mining","tag-the-metals-company"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t