The Japan Times - Leaders warn race for minerals could turn seabed into 'wild west'

EUR -
AED 4.277424
AFN 76.282379
ALL 96.389901
AMD 444.278751
ANG 2.0846
AOA 1067.888653
ARS 1666.882107
AUD 1.752778
AWG 2.096182
AZN 1.984351
BAM 1.954928
BBD 2.344654
BDT 142.403852
BGN 1.956425
BHD 0.438198
BIF 3455.206503
BMD 1.164546
BND 1.508021
BOB 8.044377
BRL 6.334667
BSD 1.164081
BTN 104.66486
BWP 15.466034
BYN 3.346807
BYR 22825.091832
BZD 2.341246
CAD 1.610276
CDF 2599.265981
CHF 0.936525
CLF 0.027366
CLP 1073.571668
CNY 8.233458
CNH 8.232219
COP 4463.819362
CRC 568.64633
CUC 1.164546
CUP 30.860456
CVE 110.752812
CZK 24.203336
DJF 206.963485
DKK 7.470448
DOP 74.822506
DZD 151.068444
EGP 55.295038
ERN 17.468183
ETB 180.679691
FJD 2.632397
FKP 0.872083
GBP 0.872973
GEL 3.138497
GGP 0.872083
GHS 13.3345
GIP 0.872083
GMD 85.012236
GNF 10116.993527
GTQ 8.917022
GYD 243.550308
HKD 9.065929
HNL 30.604708
HRK 7.535429
HTG 152.392019
HUF 381.994667
IDR 19435.740377
ILS 3.768132
IMP 0.872083
INR 104.760771
IQD 1525.554607
IRR 49041.926882
ISK 149.038983
JEP 0.872083
JMD 186.32688
JOD 0.825709
JPY 180.935883
KES 150.58016
KGS 101.839952
KHR 4664.005142
KMF 491.43861
KPW 1048.083022
KRW 1716.311573
KWD 0.357481
KYD 0.970163
KZT 588.714849
LAK 25258.992337
LBP 104285.050079
LKR 359.069821
LRD 206.012492
LSL 19.73949
LTL 3.438601
LVL 0.704422
LYD 6.347216
MAD 10.756329
MDL 19.807079
MGA 5225.31607
MKD 61.612515
MMK 2445.475195
MNT 4130.063083
MOP 9.335036
MRU 46.419225
MUR 53.689904
MVR 17.938355
MWK 2022.815938
MXN 21.164687
MYR 4.787492
MZN 74.426542
NAD 19.739485
NGN 1688.68458
NIO 42.826206
NOK 11.767853
NPR 167.464295
NZD 2.015483
OMR 0.446978
PAB 1.164176
PEN 4.096293
PGK 4.876539
PHP 68.66747
PKR 326.50949
PLN 4.229804
PYG 8006.428369
QAR 4.240169
RON 5.092096
RSD 117.610988
RUB 88.93302
RWF 1689.755523
SAR 4.37074
SBD 9.584899
SCR 15.748939
SDG 700.4784
SEK 10.946786
SGD 1.508557
SHP 0.873711
SLE 27.603998
SLL 24419.93473
SOS 665.542019
SRD 44.985272
STD 24103.740676
STN 24.921274
SVC 10.184839
SYP 12877.828498
SZL 19.739476
THB 37.119932
TJS 10.680789
TMT 4.087555
TND 3.436865
TOP 2.803946
TRY 49.523506
TTD 7.89148
TWD 36.437508
TZS 2835.668687
UAH 48.86364
UGX 4118.162907
USD 1.164546
UYU 45.529689
UZS 13980.369136
VES 296.437311
VND 30697.419423
VUV 142.156196
WST 3.249257
XAF 655.661697
XAG 0.019993
XAU 0.000278
XCD 3.147243
XCG 2.098055
XDR 0.815205
XOF 655.061029
XPF 119.331742
YER 277.802752
ZAR 19.711451
ZMK 10482.311144
ZMW 26.913878
ZWL 374.983176
  • RBGPF

    0.0000

    78.35

    0%

  • GSK

    -0.1600

    48.41

    -0.33%

  • VOD

    -0.1630

    12.47

    -1.31%

  • NGG

    -0.5000

    75.41

    -0.66%

  • RELX

    -0.2200

    40.32

    -0.55%

  • AZN

    0.1500

    90.18

    +0.17%

  • BTI

    -1.0300

    57.01

    -1.81%

  • BP

    -1.4000

    35.83

    -3.91%

  • RYCEF

    -0.0500

    14.62

    -0.34%

  • CMSC

    -0.0500

    23.43

    -0.21%

  • RIO

    -0.6700

    73.06

    -0.92%

  • BCC

    -1.2100

    73.05

    -1.66%

  • JRI

    0.0400

    13.79

    +0.29%

  • SCS

    -0.0900

    16.14

    -0.56%

  • CMSD

    -0.0700

    23.25

    -0.3%

  • BCE

    0.3300

    23.55

    +1.4%

Leaders warn race for minerals could turn seabed into 'wild west'
Leaders warn race for minerals could turn seabed into 'wild west' / Photo: Valery HACHE - AFP

Leaders warn race for minerals could turn seabed into 'wild west'

World leaders on Monday called for global rules to govern the seabed and warned against racing to exploit the ocean floor in a thinly-veiled rebuke of US President Donald Trump.

Text size:

Growing anxiety over Trump's unilateral push to fast-track deep-sea mining in international waters shot to the surface at the opening of the UN Ocean Conference in France.

"I think it's 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," said French President Emmanuel Macron.

Imposing a moratorium on seabed mining was "an international necessity", said Macron.

The number of countries opposed to seabed mining rose to 36 on Monday, according to a tally kept by the Deep Sea Conservation Coalition, an umbrella group of non-governmental organisations.

Trump was not among the roughly 60 heads of state and government in Nice but his spectre loomed large as leaders defended the global multilateralism he has spurned.

Of particular concern, his move to sidestep the International Seabed Authority (ISA) and issue permits directly to companies wanting to extract nickel and other metals from waters beyond US jurisdiction.

Brazilian President Luiz Inacio Lula da Silva called for "clear action" from the seabed authority to end a "predatory race" to exploit the ocean floor.

"We now see the threat of unilateralism looming over the ocean. We cannot allow what happened to international trade to happen to the sea," he said.

The deep sea, Greenland and Antarctica were "not for sale", Macron said in further remarks directed clearly at Trump's expansionist claims.

The ISA, which has jurisdiction over the ocean floor outside national waters, is meeting in July to discuss a global mining code to regulate mining in the ocean depths.

UN Secretary-General Antonio Guterres said he supported these negotiations and urged caution as countries navigate these "new waters on seabed mining".

"The deep sea cannot become the wild west," he said, to applause from the plenary floor.

- 'Wave of hope' -

Island nations also spoke out against seabed mining, which scientists warn could result in untold damage to ecosystems largely unexplored by humanity.

"Here in Nice, we can feel that the looming threat of deep sea mining, and the recent reckless behaviour of the industry is seen by many states as unacceptable," said Megan Randles from Greenpeace.

Macron said a global pact to protect marine life in international waters beyond national jurisdictions had received enough support to become law and was "a done deal".

The high seas treaty struck in 2023 requires ratifications from 60 signatory countries to enter into force, something France hoped to achieve before Nice.

Macron said the treaty "would be implemented" after roughly 50 nations ratified and 15 others formally committed to joining them. His office said this would happen by the end of the year, but did not name the countries.

"Today's surge of ratifications for the High Seas Treaty is a tidal wave of hope and a huge cause for celebration," Rebecca Hubbard, director of the High Seas Alliance, told AFP.

- 'Prove you're serious' -

On Monday, the United Kingdom announced plans to extend a partial ban on bottom trawling in some of its protected marine areas.

Macron said on Saturday that France would also restrict the destructive fishing method in some of its marine protected areas but was criticised for not going far enough.

Greece and French Polynesia announced Monday the creation of new protected marine parks, following similar action from Samoa this week.

Just eight percent of global oceans are designated for marine conservation, despite a globally agreed target to achieve 30 percent coverage by 2030.

But even fewer are considered truly protected, as some countries impose next to no rules on what is forbidden in marine zones or lack the finance to enforce any regulations.

The summit will not produce a legally binding agreement at its close, but wealthy nations faced calls to cough up the missing finance to make ocean protection a reality.

Small island states turned out in numbers to demand money and political support to combat rising seas, marine trash and the plunder of fish stocks that hurt their economies.

"We say to you, if you are serious about protecting the ocean, prove it," said President Surangel Whipps Jr of Palau, a low-lying Pacific nation.

np-aag-fcc-fff/phz

M.Yamazaki--JT