The Japan Times - Talks on divisive deep-sea mining resume in Jamaica

EUR -
AED 4.120835
AFN 72.376646
ALL 91.446363
AMD 404.430758
ANG 2.00828
AOA 1030.068071
ARS 1734.359288
AUD 1.62136
AWG 2.022547
AZN 1.912974
BAM 1.961233
BBD 2.259861
BDT 139.356061
BGN 1.961204
BHD 0.423252
BIF 3378.578422
BMD 1.122079
BND 1.436078
BOB 13.334763
BRL 6.181191
BSD 1.122008
BTN 105.309742
BWP 15.416709
BYN 3.359607
BYR 21992.738982
BZD 2.256652
CAD 1.584964
CDF 2570.681235
CHF 0.920132
CLF 0.027649
CLP 1088.168925
CNY 7.487409
CNH 7.483652
COP 3676.0751
CRC 508.2079
CUC 1.122079
CUP 26.928601
CVE 110.665006
CZK 24.345714
DJF 199.415625
DKK 7.476381
DOP 68.053886
DZD 152.620074
EGP 60.46562
ERN 16.831178
ETB 180.876813
FJD 2.526699
FKP 0.840202
GBP 0.834944
GEL 2.911781
GGP 0.840202
GHS 13.111489
GIP 0.840202
GMD 83.033728
GNF 9944.378364
GTQ 8.573714
GYD 235.220589
HKD 8.799957
HNL 30.380262
HRK 7.595361
HTG 147.067424
HUF 362.431919
IDR 20293.912103
ILS 3.54441
IMP 0.840202
INR 105.415967
IQD 1698.826878
IRR 2134513.700104
ISK 137.228052
JEP 0.840202
JMD 178.243793
JOD 0.795585
JPY 177.315894
KES 145.756644
KGS 98.126077
KHR 4583.690588
KMF 495.958991
KPW 1009.870624
KRW 1509.96422
KWD 0.348775
KYD 0.935082
KZT 503.404593
LAK 25252.377599
LBP 100482.130971
LKR 373.071867
LRD 191.090351
LSL 18.581951
LTL 3.313206
LVL 0.678734
LYD 7.214799
MAD 10.948678
MDL 20.224849
MGA 5155.950214
MKD 61.536967
MMK 2355.754922
MNT 4040.791023
MOP 9.062205
MRU 45.163564
MUR 52.858792
MVR 17.275707
MWK 1949.05068
MXN 20.803113
MYR 4.553845
MZN 71.696486
NAD 18.581481
NGN 1511.450807
NIO 41.079237
NOK 10.551522
NPR 168.495788
NZD 1.991925
OMR 0.431396
PAB 1.122109
PEN 3.862754
PGK 5.040344
PHP 70.762196
PKR 310.423176
PLN 4.386822
PYG 7013.429462
QAR 4.087729
RON 5.343004
RSD 117.67346
RUB 92.574778
RWF 1655.065816
SAR 4.219482
SBD 9.031142
SCR 15.780944
SDG 674.960217
SEK 11.000016
SGD 1.435267
SHP 0.840351
SLE 25.751724
SLL 23529.430449
SOS 641.25269
SRD 42.136277
STD 23224.759885
STN 24.994299
SVC 9.8182
SYP 14589.264556
SZL 18.581752
THB 37.488452
TJS 10.300189
TMT 3.927275
TND 3.349961
TOP 2.701695
TRY 56.354259
TTD 7.610082
TWD 36.808219
TZS 2967.895463
UAH 51.116008
UGX 4594.728881
USD 1.122079
UYU 45.245142
UZS 13464.942184
VES 1005.737375
VND 28630.394464
VUV 133.821406
WST 3.128157
XAF 655.957
XAG 0.021033
XAU 0.000271308372
XCD 3.032473
XCG 2.022202
XDR 0.793368
XOF 655.957
XPF 119.331742
YER 265.51185
ZAR 18.382448
ZMK 10100.052768
ZMW 22.805178
ZWL 361.308825
SSP 6446.60178
MXV 2.338638
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

Talks on divisive deep-sea mining resume in Jamaica
Talks on divisive deep-sea mining resume in Jamaica / Photo: Kenzo TRIBOUILLARD - AFP/File

Talks on divisive deep-sea mining resume in Jamaica

Several countries united with campaign groups Monday to call for caution in regulating the divisive practice of deep-sea mining at a meeting on the issue in Jamaica.

Text size:

Members of the International Seabed Authority (ISA) are meeting in Kingston to thrash out the first mining code on deep-sea extraction that has faced accusations of imperiling marine ecosystems.

The clock is ticking because a metals company has said it will imminently submit an extraction license application, raising the prospect that their operations could go unregulated.

"We are still far away from any consensus on a final mining code," said French envoy Olivier Guyonvarch, with the latest draft text still riddled with caveats highlighting lingering disagreement.

Costa Rica's representative called for a "precautionary pause" as work continues on gathering data and establishing the legal framework.

The prospect of a pause has gained traction but is far from winning the backing of the ISA's 169 member states.

"Environmental protection, however, does not mean abandoning exploitation," countered China's representative, saying that regulations could be further tailored as mining is carried out.

- 'Planetary crisis' -

The UN Convention on the Law of the Sea gives the ISA responsibility for regulating extraction of highly coveted seabed minerals that lie outside of national marine borders.

However, it also directs the organization to protect the little-understood marine environments.

The ISA Council, which currently only awards exploration licenses, has been negotiating for more than ten years over a mining code governing nickel, cobalt and copper extraction -- key materials in the energy transition.

The painstaking talks have gained momentum since the activation of a clause allowing any company with national backing to apply for a license -- even in the absence of a code -- but several issues remain outstanding.

Though the riches of the international seabed are classified as "common heritage of mankind," African countries fear they will miss out on benefits or even see their economies suffer.

Underwater extraction must "not come at the expense of Africa's existing mining economies and their sustainable development aspirations," the continent's representative said.

Industry on the other hand has been highly critical of delays to the agreement of a code.

In a January letter to the ISA, several companies claiming to have collectively invested more than $2 billion in the development of extraction technology said they faced "escalating legal and financial risks."

Among them was Nori -- Nauru Ocean Resources Inc. -- a subsidiary of Canadian firm The Metals Company. In June, it will submit the first application for extraction of "polymetallic nodules" -- mineral deposits made up of multiple metals on the deep ocean floor.

Pacific island nation Nauru has given its official backing to Nori's application, and is pressing the ISA to agree on a mechanism for reviewing and approving applications in the absence of a mining code.

Their request has been opposed by countries such as Chile who maintain the council had agreed rules would only be drafted after such an application is submitted.

"ISA Member States need to stand firm against the unacceptable pressure by an industry that risks wreaking irreparable damage on our ocean and exacerbating the planetary crisis," Sofia Tsenikli, Deep-Sea Mining Moratorium Campaign Director at the Deep Sea Conservation Coalition (DSCC).

NGOs like the DSCC are placing hope in new ISA chief Leticia Carvalho, a Brazilian oceanographer who replaced Britain's Michael Lodge after two terms at the helm, during which he was accused of favoring industry.

While the council has set itself the goal of finalizing the mining code this year, Carvalho called Monday for negotiators to make "significant progress" by July while raising the prospect of an amended timetable.

K.Abe--JT