Fast-Tracking Deep-Sea Mining: Implications and Perspectives

Fast-Tracking Deep-Sea Mining: Implications and Perspectives

The Trump administration has signed an executive order to fast-track deep-sea mining within U.S. and international waters. This move could enable private companies to access billions of tons of potato-sized rocks known as polymetallic nodules, which are rich in strategically important minerals.

International Reactions

China’s foreign ministry condemned the decision, labeling it "illegal" and asserting that it violates international law, thereby harming the collective interests of the international community.

Industry Perspectives

Gerard Barron, CEO of seabed miner The Metals Company (TMC), views Washington’s support for deep-sea mining as a game-changer for his company. He stated, "It will make investors sit up and take notice." TMC plans to submit an environmental impact statement to regulators before commencing commercial-scale mining operations later this year. Barron expressed confidence in receiving approval from authorities after submitting the environmental assessment report.

Broader Implications

Maria Jose (Majo) Valverde, a biodiversity and sustainability analyst at Eurasia Group, believes this order will have significant implications beyond climate change policy. She warned that countries like China may struggle with control over key resources without internationally regulated treaties or agreements. Valverde emphasized that the executive order relies solely on national laws passed unilaterally, rather than seeking international cooperation.

"This is not just about climate change policy; it has broader implications for global governance," she stated. "If we don’t have internationally regulated treaties or agreements on how these resources are managed, countries like China may struggle with control over key resources."

Regulatory Landscape

The International Seabed Authority (ISA), which regulates deep-sea mining under United Nations treaty law agreed upon by 168 nations in 1982 as part of the Law of the Sea Convention (LOS), has been slow to implement rules governing such activities. The ISA recently announced plans for new regulations, but these will not be implemented until at least 2026.

Valverde noted that while some countries are advancing their own national regulations, others are hesitant due to concerns about potential environmental damage.

"There is no clear consensus among nations on how these activities should be governed," she said.

Environmental Considerations

In contrast, TMC asserts that its operations would not harm marine life, as its equipment would only disturb sediment around nodule deposits during collection. The company claims it will use environmentally friendly methods, such as remotely operated vehicles, instead of dredging machines, which can cause significant damage to seafloor habitats. Barron stated, "We’re confident our technology can operate safely without causing any harm."

Barron also emphasized TMC’s commitment to transparency, stating, "We’ve been working closely with local communities near our planned sites in Papua New Guinea, where we plan initial extraction operations next year. We’re committed not only to ensuring safe operation but also to providing local benefits through jobs, training, education, infrastructure development, and healthcare services."

Scientific Oversight

TMC plans to establish an independent scientific advisory board comprising experts from various fields, including marine biology, ecology, geology, chemistry, physics, engineering, economics, and social sciences. This board will provide ongoing advice throughout all phases of project development, operation, closure, monitoring, and restoration. Barron explained, "Our goal is not just to extract valuable minerals but to do so responsibly, protecting both people, the planet, and profits."

Market Demand

Despite concerns raised by critics, TMC remains optimistic about future prospects, citing growing global demand, particularly from Asia, where many countries rely heavily on imports due to a lack of domestic production capacity. Barron noted, "Demand continues strong, driven mainly by growth in emerging markets, especially in Asia."

Polymetallic nodules are expected to be available for mining by 2025, according to the International Seabed Authority (ISA).

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