Nothing is Agreed Until Everything is Agreed: the Financial Model dominates the first meeting of the 27th session of the International Seabed Authority

Andrew Thaler for the DSM Observer While environmental impacts dominate the public discussion surrounding deep-sea mining, another highly contentious barrier to the implementation of a deep-sea mining code carries equal, if not greater weight within the International Seabed Authority. The financial regime, a novel payment structure which establishes the mechanism by which proceeds generated from […]

Read More

The Metals Company and Allseas Announce Successful Deep-Water Test of Polymetallic Nodule Collector Vehicle in the Atlantic Ocean at a Depth of Nearly 2,500 Meters

Engineers successfully lowered the Allseas-designed collector vehicle to the seafloor at depths of 2,470 meters, marking the first time the vehicle had been subjected to ultra-deep-water temperatures and pressures. Engineers then subjected the vehicle to extensive testing of its various pumps and critical mobility functions, driving 1,018 meters across the seafloor. Read the full release here: The […]

Read More

SBMA Release: Cook Islands represented at the international Cobalt Institute Webinar

The Cook Islands was recently invited to participate in the Cobalt Institute’s first webinar of the year, held virtually on 20 April 2022 and covering seabed minerals (SBM). Metals like cobalt are essential for the energy transition, with deep seabed minerals increasingly being considered as a potential source. Read the full release here: SBMA Release: […]

Read More

Tuvalu cancels its sponsorship: the role of international law.

Opinion/Editorial by Alberto Pecoraro Alberto Pecoraro is a PhD Fellow at the Law & Development Research Group of the University of Antwerp (Belgium). His research concerns the international legal protection of deep seabed mining investments. Tuvalu’s recent decision to cancel its sponsorship of Circular Metals Tuvalu Ltd. may entail far-reaching international legal consequences. On the […]

Read More