As the world gathers to discuss the perils of deep-sea mining, a Vancouver-based company is forging ahead

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 92%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The ISA has developed regulations for mineral exploration in international waters, and over the past two decades, has been working on a mining code that would regulate mineral extraction

. Those efforts had been moving slowly, reflecting the complexity of international marine law. And even as interest grew in extracting minerals, so did concern about how deep-sea mining could affect marine life and ocean health.

The two-year period triggered by Nauru’s request expired on July 9 without the ISA having finalized a deep-sea mining code, raising the question of whether TMC would file a mining application as early as Monday. For decades, mining interests have eyed the ocean depths as a potential treasure chest of minerals including copper, nickel and cobalt, a prospect that has become even more tantalizing amid what is expected to be increasing demand.by the International Energy Association, for example, said the shift to clean energy is set to drive a “huge increase” in metal requirements, with the world on track for a doubling of overall mineral requirements by 2040.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines