The Economics of Deep-Sea Mining Don’t Add Up – by Victor Vescovo (Time Magazine – May 22, 2023)

https://time.com/

Deep-seafloor mining is a complex topic that leaves out a crucial starting point: mining the potato-sized rocks on the seafloor called “nodules” only yields four metals of any economic consequence: nickel, cobalt, copper, and manganese. Since copper and manganese are plentiful on land, deep-seafloor mining is really all about nickel and cobalt. And, unlike many have tried to claim, you cannot in fact get meaningful amounts of rare earth elements from the seafloor.

In the early 2020s, deep-seafloor mining was advertised as a source of key metals for electric vehicle (EV) batteries. However, battery technology has moved dramatically forward with new chemistries that require no cobalt or nickel and instead use inexpensive iron, phosphorus, and sodium.

Read more

Inside the U.S. deep-sea mining ‘gold rush’ Kenza Bryan, Camilla Hodgson and Harry Dempsey (Financial Post – May 19, 2025)

https://financialpost.com/

Trump’s EO on undersea minerals has encouraged mining companies, but critics say it will damage the environment

In a vast storage room at a nickel plant in Hachinohe, northern Japan, a group of men in suits and hard hats are squatting on the floor admiring a row of trays. One contains a jet-black, rubble-like ore, which crumbles to dust when handled. In another, there are bright cubes of metal, which they are examining enthusiastically.

These men, traders from commodities powerhouses Mitsubishi Corporation and Glencore PLC, as well as managers from Chinese and Korean metals groups and the Japanese battery producer Panasonic Energy, have been assembled by the Canadian mining group The Metals Company (TMC).

Read more

As Pacific Islands Caution Against Seabed Mining, the US Prepares to Trash the Rules – by Camilla Pohle (The Diplomat – May 16, 2025)

https://thediplomat.com/

The White House’s executive order last month purports to authorize mining in international waters – against the authority of a U.N. regulatory body.

In recent years, deep-sea mining has emerged as a polarizing issue in the Pacific Islands, and the nascent industry is not yet regulated. Now the region is contending with another challenge: the potential breakdown of international rules that might be the marine environment’s last defense.

The Pacific seabed is estimated to hold billions of dollars worth of manganese, cobalt, copper, and nickel, which are used to make smartphones, batteries for electric vehicles, and solar panels, and which are also crucial to the defense and aerospace industries.

Read more

What is deep-sea mining and why is Donald Trump suddenly so interested in it? – by Naimul Karim (Financial Post – April 30, 2025)

https://financialpost.com/

Canadian company stands to gain from U.S. president’s thirst for critical minerals

An executive order signed by United States President Donald Trump last week could potentially challenge existing global norms linked to deep-sea mining as he tries to reduce his country’s reliance on China for critical minerals. Trump’s order lists several instructions to speed up the start of seabed mining, such as expediting reviews of mineral exploration licences and commercial permits in areas “beyond national jurisdiction.”

The move was lauded by Vancouver-based Metals Co. Inc. (TMC), which has exploration rights in two areas of the Pacific Ocean and has been evaluating U.S. locations since 2019. On Tuesday, it applied for two additional exploration licences and one commercial recovery permit.

Read more

New Turmoil in Regulating Deep Seabed Mining on the High Seas – by Tom LaTourrette and Douglas Ligor(Modern Diplomacy – April 27, 2025)

Homepage

The still potential-but-perhaps-soon-to-be-real world of seabed mining took an interesting turn in the past month.

The still potential-but-perhaps-soon-to-be-real world of seabed mining took an interesting turn in the past month. The announcement from The Metals Company that it “has formally initiated a process…to apply for exploration licenses and commercial recovery permits under existing U.S. legislation, the Deep Seabed Hard Mineral Resources Act of 1980 (DSHMRA)” came just prior to the White House’s issuance of a new executive order authorizing this approach.

These announcements mark major course changes. The Metals Company is essentially giving up on the existing international framework to govern and regulate seabed mining in areas beyond national jurisdiction (the high seas), and the U.S., which to date has been a largely passive observer of efforts to develop seabed mining, may be about to thrust itself into the center of the action.

Read more

Trump signs executive order boosting deep-sea mining industry – by Jarrett Renshaw and Ernest Scheyder(Reuters – April 24, 2025)

https://www.reuters.com/

President Donald Trump on Thursday signed an executive order aimed at boosting the deep-sea mining industry, the latest attempt to boost US production of nickel, copper and other critical minerals used widely across the economy.

The broad order avoids a direct confrontation with the United Nations-backed International Seabed Authority and seeks essentially to jumpstart the mining of US waters as part of a push to offset China’s sweeping control of the critical minerals industry.

Read more

‘We celebrate President Trump’: Why Trump could be a boon for this controversial Canadian seabed-mining firm – by Allan Woods (Toronto Star – April 17, 2025)

https://www.thestar.com/

U.S. President Donald Trump penchant for tariffs has signalled doom and gloom for many a Canadian company relying on trade partners and customers south of the border. But things are suddenly looking up for a controversial Vancouver-based firm that wants to mine the depths of the ocean floor for a resource it likens to “a battery in a rock.”

For The Metals Company and its scruffy-chic chief executive, Gerard Barron, Trump could be the disruptive catalyst flashing a long-awaited green light to begin retrieving potato-sized “nodules” that scatter the seabed and contain critical minerals that could be key to a clean-energy future.

Read more

B.C. mining firm seeking U.S. approval to dig in international waters -by Inayat Singh (CBC News Science – April 03, 2025)

https://www.cbc.ca/news/science/

The Metals Company, fed up with sluggish international process, turns to Washington

A Vancouver-based mining company is looking to sidestep the international agency charged with regulating mining in international waters after lengthy negotiations it says have gone nowhere. The Metals Company (TMC) will instead seek permission from the U.S. to start deep-sea mining in the Pacific Ocean, rather than from the UN-affiliated International Seabed Authority (ISA).

Co-founder and CEO Gerard Barron says he believes U.S. could help start mining “much sooner than we would have been under the ISA pathway.” “The United States’ regulator is open. They encourage… dialogue and consultation,” he said. “That’s how companies get projects moving through the permitting process.”

Read more

Exclusive: White House weighs executive order to fast-track deep-sea mining, sources say – by Ernest Scheyder and Jarrett Renshaw (Reuters – March 31, 2025)

https://www.reuters.com/

The White House is weighing an executive order that would fast-track permitting for deep-sea mining in international waters and let mining companies bypass a United Nations-backed review process, according to two sources with direct knowledge of the deliberations.

If signed, the order would mark U.S. President Donald Trump’s latest attempt to tap international deposits of nickel, copper and other critical minerals used widely across the economy after recent efforts in Greenland and Ukraine. Trump earlier this month also invoked emergency powers to boost domestic minerals production.

Read more

Trump-Era Pivot on Seabed Mining Draws Global Rebuke – by Eric Lipton (New York Times – March 30, 2025)

https://www.nytimes.com/

Diplomats from more than 30 nations have criticized a proposal that could allow the start of seabed mining by 2027.

Nearly 40 nations, big and small, have voiced opposition to a plan by a Wall Street-backed mining company to team up with the Trump administration to circumvent international law and start seabed mining in the Pacific Ocean with a U.S. permit.

The widespread furor reflected a rare alignment from countries as varied as China, Russia, India, the United Kingdom, New Zealand, Indonesia, France, Argentina, Uganda and the small island nations of Mauritius and Fiji. The plan also brought to the fore a pitched clash over who regulates seabed mining in international waters.

Read more

Protecting undersea cultural heritage in spotlight at mining code talks – by AFP (March 27, 2025)

https://www.msn.com/

The world’s oceans harbor a cultural heritage of sunken ships, remains of those lost in the transatlantic slave trade and Indigenous islanders’ spiritual ties to the sea that must be protected, NGOs and native peoples say.

They are pushing at a meeting in Jamaica of the International Seabed Authority (ISA) — an organization established under the UN Convention on the Law of the Sea — for such protection to be enshrined in a mining code that is being negotiated to govern the exploitation of sea beds in international waters.

Read more

Deep-sea miners are set to dig for critical minerals, even if rules aren’t done – by Todd Woody (Bloomberg News – March 19, 2025)

https://www.bloomberg.com/news/

As companies seek to extract critical minerals used in electric vehicle batteries and other green technologies from the deep sea, a showdown is underway over when and whether to allow mining of untouched, biodiverse ecosystems.

For more than a decade, delegates from the United Nations-affiliated International Seabed Authority (ISA) have been negotiating regulations to allow deep-sea mining as required by a 1982 UN treaty. Those deliberations are continuing this week during a meeting in Kingston, Jamaica, in advance of a July deadline to finish the job.

Read more

‘Sound science’ must guide deep-sea mining: top official (France 24 – March 13, 2025)

https://www.france24.com/en/

Tokyo (AFP) – Rules on deep-sea mining in international waters must be driven by “sound science” and built on consensus, the head of the body charged with regulating the divisive practice said Thursday.

Deep-sea mining in international waters involves taking minerals like nickel, cobalt and copper — crucial for renewable energy technology — from the sea floor.

But researchers and environmentalists have long warned it risks destroying habitats and species that are little understood, and could upset delicate processes in the ocean that affect climate change.

Read more

Norway forced to pause Arctic seabed mining plans – by Cecilia Jamasmie (Mining.com – December 2, 2024)

https://www.mining.com/

Norway has paused its controversial plans to mine the seabed in Arctic-reaching territorial waters after the Socialist Left Party (SV), a small left-wing environmentalist group, secured an agreement to delay the initiative in exchange for supporting the national budget.

The government had intended to issue its first deep-sea mining exploration licenses in early 2025. Under pressure from the SV, preparatory work has been now slowed, with the government highlighting that it would continue work on environmental impact assessments and regulatory frameworks.

Read more

Future of deep-sea mining stands at a crucial juncture (France 24.com – November 27, 2024)

https://www.france24.com/en/

“It feels like a real crunch point,” Louisa Casson of Greenpeace International told AFP. “We are seeing surging momentum for a moratorium (on deep-sea mining). But at the same time, the industry is saying 2025 is the year when we’re just going to start applying to mine.”

Greenpeace has warned for years of the risks posed by deep-sea mining to the oceans’ unique, but only partly understood, ecosystems. Until recently, the idea of plunging deep into ocean abyss for the large-scale extraction of coveted minerals like cobalt, nickel and copper seemed a distant possibility.

Read more