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

EUR -
AED 4.382198
AFN 78.754674
ALL 96.774708
AMD 453.149301
ANG 2.136006
AOA 1094.207135
ARS 1723.102862
AUD 1.703562
AWG 2.147844
AZN 2.027442
BAM 1.958133
BBD 2.409352
BDT 146.164116
BGN 2.003902
BHD 0.44984
BIF 3543.996936
BMD 1.193246
BND 1.513406
BOB 8.265053
BRL 6.196645
BSD 1.1962
BTN 110.054406
BWP 15.599563
BYN 3.379194
BYR 23387.630134
BZD 2.405847
CAD 1.612422
CDF 2693.762547
CHF 0.916294
CLF 0.025959
CLP 1024.998187
CNY 8.291151
CNH 8.289429
COP 4358.929228
CRC 591.891888
CUC 1.193246
CUP 31.621031
CVE 110.398824
CZK 24.32057
DJF 213.014461
DKK 7.467264
DOP 75.160557
DZD 154.348858
EGP 55.874598
ERN 17.898697
ETB 185.131832
FJD 2.622039
FKP 0.865821
GBP 0.867049
GEL 3.215789
GGP 0.865821
GHS 13.067895
GIP 0.865821
GMD 87.70765
GNF 10498.001207
GTQ 9.178126
GYD 250.254403
HKD 9.315604
HNL 31.597639
HRK 7.540838
HTG 156.807821
HUF 381.264314
IDR 20023.868432
ILS 3.681565
IMP 0.865821
INR 109.70767
IQD 1563.749454
IRR 50265.506279
ISK 145.027398
JEP 0.865821
JMD 187.696961
JOD 0.846036
JPY 183.553496
KES 154.250804
KGS 104.349672
KHR 4801.014384
KMF 491.617467
KPW 1074.001913
KRW 1714.128315
KWD 0.365981
KYD 0.996775
KZT 600.868221
LAK 25678.663363
LBP 107122.636637
LKR 370.091721
LRD 221.344446
LSL 18.781995
LTL 3.523347
LVL 0.721783
LYD 7.487624
MAD 10.8345
MDL 20.12057
MGA 5321.878904
MKD 61.653933
MMK 2506.310149
MNT 4256.181546
MOP 9.616435
MRU 47.574622
MUR 54.20887
MVR 18.435607
MWK 2072.668697
MXN 20.600147
MYR 4.698762
MZN 76.069502
NAD 18.865481
NGN 1659.806193
NIO 43.189568
NOK 11.43188
NPR 176.109616
NZD 1.971279
OMR 0.458799
PAB 1.196155
PEN 3.989617
PGK 5.083822
PHP 70.236878
PKR 333.900229
PLN 4.209046
PYG 8027.167678
QAR 4.344732
RON 5.098262
RSD 117.403788
RUB 89.791784
RWF 1733.190447
SAR 4.47538
SBD 9.615301
SCR 17.094249
SDG 717.748765
SEK 10.549557
SGD 1.511223
SHP 0.895244
SLE 29.085359
SLL 25021.780252
SOS 681.970209
SRD 45.34754
STD 24697.792058
STN 24.610708
SVC 10.466336
SYP 13196.79832
SZL 18.849358
THB 37.471506
TJS 11.172143
TMT 4.188295
TND 3.373606
TOP 2.873051
TRY 51.903114
TTD 8.118705
TWD 37.455406
TZS 3036.811959
UAH 51.195332
UGX 4255.17589
USD 1.193246
UYU 45.264869
UZS 14555.155623
VES 437.738577
VND 30910.452286
VUV 142.675312
WST 3.241825
XAF 656.725554
XAG 0.010797
XAU 0.00023
XCD 3.224808
XCG 2.155741
XDR 0.816831
XOF 653.262056
XPF 119.331742
YER 284.471219
ZAR 18.895594
ZMK 10740.668787
ZMW 23.654963
ZWL 384.224865
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    1.3800

    83.78

    +1.65%

  • JRI

    -0.0500

    12.94

    -0.39%

  • BCC

    -0.5500

    80.3

    -0.68%

  • CMSC

    0.0100

    23.71

    +0.04%

  • CMSD

    0.0392

    24.09

    +0.16%

  • RELX

    -1.2100

    36.17

    -3.35%

  • GSK

    0.5600

    50.66

    +1.11%

  • BCE

    0.2200

    25.49

    +0.86%

  • NGG

    0.3900

    85.07

    +0.46%

  • RIO

    1.7600

    95.13

    +1.85%

  • RYCEF

    -0.0700

    16.88

    -0.41%

  • AZN

    -0.6300

    92.59

    -0.68%

  • VOD

    0.1400

    14.71

    +0.95%

  • BTI

    0.0600

    60.22

    +0.1%

  • BP

    0.3400

    38.04

    +0.89%

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