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The Metals Company |
UN Authority Halts Canadian Mining Proposal in Pacific
The UN-affiliated International Seabed Authority (ISA) has firmly rejected a Canadian company’s proposal for international seabed mining before formal regulations are in place. The Metals Company sought to obtain U.S. exploration licenses for mining operations in the Pacific Ocean. However, the ISA emphasized that any commercial activity beyond national jurisdictions without its authorization violates international law.
Legal Dispute Over Jurisdiction and Environmental Concerns
The U.S. has not ratified the treaty establishing the ISA. Therefore, The Metals Company argued it could proceed under a domestic mining law. Despite this claim, the ISA reiterated that “unilateral exploitation of resources that belong to all humanity is prohibited.” Environmental groups and several nations oppose international seabed mining, citing concerns about marine damage and its impact on climate change.
Regulatory Uncertainty Continues in Deep-Sea Mining
Currently, the ISA has issued 31 exploration licenses in the Clarion-Clipperton Zone but has not approved any actual mineral extraction. The agency remains in prolonged negotiations over regulatory frameworks for international seabed mining, particularly for nodules rich in cobalt, nickel, copper, and rare earth elements. Tensions between national laws and global governance are likely to persist as interest in deep-sea minerals grows.
The Metalnomist Commentary
The standoff over international seabed mining underscores a growing clash between resource nationalism and global environmental governance. Until regulatory clarity emerges, miners seeking to tap seabed resources face mounting legal, ethical, and diplomatic hurdles.
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