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Negotiations continue over the Financial Model

Though it seems closer than ever, deep-sea mining has always been driven in part by an abundance of optimism. In his 1974 treatise on The Control of the Sea-Bed, Evan Luard estimated that the pace of exploration and technological development for polymetallic nodule extraction was such that “it will therefore probably only take a few […]

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Trying to Grasp the Financial Model

The Financial Model, the mechanism by which the ideals built into the founding principles of the ISA—that mineral resources in the high seas are the common heritage of humankind—are manifested in practice, is perhaps the most challenging component of launching any deep-sea mining venture. The financial model is predictive, based on myriad assumptions about what […]

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Delegates gather during an informal meeting. Photo courtesy ISA.

The Five Most Talked about Moments from the ISA Council Meeting

It was a cool week in Kingston as representatives from member states, observers, NGOs, and other stakeholders gathered at the International Seabed Authority to continue the quarter-century-long process of guiding mineral extraction in the high seas towards production. Discussions were broad in vision, focused in scope, and soberingly detailed. While everything from the percentage points […]

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