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Norway

Norway rumble over ‘Barents tax exemption’

REUTERS on UPSTREAM | 6 September 2017 “Green groups have slammed reported plans by the Norwegian government to make taxpayers rather than oil companies pay special United Nations fees for offshore production from remote Arctic regions such as the Barents Sea. Letters sent to oil companies from the Petroleum & Energy Ministry, obtained by Reuters, […]

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deep ocean

Seabed Mining: The 30 People Who Could Decide the Fate of the Deep Ocean

TODD WOODY on OCEANS DEEPLY | 6 September 2017 “KINGSTON, Jamaica – At the International Seabed Authority’s ocean-side headquarters, delegates from dozens of countries stroll through breezeways adorned with the works of Jamaican artists as the United Nations-chartered organization’s annual meeting begins its second week. No one, however, is entering a conference room where the […]

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seabed authority work

Seabed Authority work to be reviewed at 23rd session

SYRANNO BAINES in JAMAICA GLEANER | 12 August 2017 “For the first time in its history, provision has been made for a review of the work of the International Seabed Authority (ISA). The provision which falls under Article 154 of the Law of the Sea Convention will see the general assembly considering a report produced by […]

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Nigeria

Nigeria looks to benefit from seabed mining

MARINELOG | 10 Aug 2017 “By working with the International Seabed Authority (ISBA), Nigeria is set to benefit from deep sea mining, said Dr. Dakuku Peterside, Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), speaking at the opening ceremony of the 23rd Assembly of the International Seabed Authority (ISBA) held in Kingston, […]

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mining

Discovery could throw monkey wrench into deep-sea mining

TODD WOODY of OCEANS DEEPLY ON UPI | 3 August 2017 “Over the next three weeks, the International Seabed Authority is meeting in Jamaica to, among other things, draft environmental regulations to govern the mining of the deep sea. The mission: to fulfill the United Nations-chartered organization’s mandate to preserve the biological diversity of the […]

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Mining Code

A Glance at the Mining Code

As the International Seabed Authority (ISA) gets ready to begin its 23rd Annual Meeting this August in Kingston, it’s a noteworthy reflection point to consider the progressing state of the “Mining Code”.  “Mining Code” is the term used by the ISA to describe the entire body of rules, regulations and procedures that will regulate prospecting, […]

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financial regulations

The Rising Profile of ISA Financial Regulations

The development of Financial Regulations to address the benefit sharing aspects of the Mining Code has recently moved to the forefront of ISA business.  Per International Seabed Authority (ISA) Assembly agreement, the whole of the Mining Code cannot go into force without a financial regime in place.  In short, this means mining operations cannot begin […]

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gold miner

Why the Ocean is the Next Frontier for a Gold Miner

ZAYAN GUEDIM on EDGY LABS | 10 July 2017 “With the increasing global demand for metals and minerals, many land-based deposits are being depleted or are being exploited at an increasingly intensive pace to meet an ever-increasing demand.  Seabed contains large quantities of metals and minerals. Land-based deposits of similar composition have been exhausted on […]

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deep sea mining contracts

“Vast increase of applications for deep sea mining contracts”

MARKKU BJöRKMANN on MINING METAL NEWS | 29 June 2017 “Industry estimates that billions of tons of manganese, copper, nickel and cobalt lie on or beneath the seafloor. These metals are used in electrical generators and motors, metal alloys, batteries, paints, and many other products. “Undersea deposits of metals and rare earth elements are not […]

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