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Paul Lynch

Deep Sea Mining from a Pacific Island State Perspective: An Interview with Cook Islands Seabed Minerals Commissioner Paul Lynch

Since August 2012, Paul Lynch has led the Cook Islands’ Seabed Minerals Authority, which oversees development of the islands’ national seabed mineral resource. A lawyer with over 25 years of wide and varied legal experience in the private sector, Commissioner Lynch is shaping deep sea mining as an industry, both in the Cook Islands and […]

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cobalt

Cobalt on the Rise

Interest in deep sea mining has been accelerating due to the rising price of cobalt. The metal is an important component of EV batteries, laptops and cell phones. In October 2017, cobalt prices reached a nine-year high, trading at around US$30 per pound, tripling its 2015 value of US$10.   The rise is not only seen […]

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Cook Islands

Cook Islands Partners to Explore Pacific Bounty

The government of the Cook Islands, through the Cook Islands Investment Corporation (CIIC), entered into an agreement in September with U.S. based Ocean Minerals, LLC (OML) for the exclusive right for up to 18 months to prospect and explore high value polymetallic nodules over approximately 23,000 square kilometers of the Cook Islands Exclusive Economic Zone […]

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environmental cost

Environmental cost will likely stop Cooks’ seabed mining

RADIO NEW ZEALAND | 15 November 2017 “The Cook Islands’ Seabed Minerals Authority Commissioner Paul Lynch said the country’s Seabed Minerals Act ensured a careful, steady approach to any potential exploration or mining. He said the act was the world’s first, dedicated national legislation to control seabed minerals activities. Mr Lynch said criticism, based on […]

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Poland ISA Secretariat

ISA Delegation Visits Poland

INTERNATIONAL SEABED AUTHORITY | 27 October 2017 JAMAICA, Kingston – – On the 15th October 2017, the ISA delegation arrived in Warsaw for a series of official meetings and discussions with the Polish Minister Mariusz Orion Jędrysek and the Interoceanmetal Joint Organization (IOM) in Szczecin. At the Ministry of Environment, talks with Minister Jędrysek focused […]

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Reference Zones

Reference Zones to Measure Deep Sea Mining’s Impact on Seafloor

The International Seabed Authority (ISA) is charged with regulating deep-sea mining in the Area and its environmental impacts.  To evaluate these impacts, the ISA’s rules call for contractors to delineate and monitor Impact Reference Zones (IRZs) and Preservation Reference Zones (PRZs).  In general, an IRZ represents the area impacted by mining operations. A PRZ, in […]

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subsea mining

The Price of Subsea Mining

KIRA COLEY on MARINE TECHNOLOGY NEWS | 24 October 2017 “Over millions of years, metal particles accrete onto sediment grains slowly forming lumps of commercially-valuable metallic ores in deep aphotic basins three miles underwater. As resources dwindle, mining companies are increasingly looking to the ocean to provide the metals and minerals we need. But environmental […]

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Cook Islands seabed minerals deal

Cook Islands Signs Seabed Minerals Deal

Rarotonga, Cook Islands, September 29, 2017 – Ocean Minerals, LLC (OML) and the government of the Cook Islands, through the Cook Islands Investment Corporation (CIIC), have entered into an Agreement that will reserve approximately 23,000 square kilometres within the Cook Islands Exclusive Economic Zone (EEZ) containing high value polymetallic nodules for up to 18 months to […]

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Minmetals

China Minmetals flags off deep-sea mining voyage

REUTERS | 29 August 2017 “BEIJING (Reuters) – China Minmetals Corp [CHMIN.UL] has flagged off its maiden deep-sea venture seeking minerals in the east Pacific Ocean, a company spokesman confirmed. The ’Xiang Yang Hong 06’ survey vessel, with a crew of 26, on Tuesday left Qingdao in China’s eastern Shandong province for the Clarion-Clipperton Fracture […]

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