A main focus of DSM Observer is to track and report on the development of the Mining Code. “Mining Code” is a term used by the International Seabed Authority (ISA) to describe the entire body of rules, regulations and procedures that will regulate prospecting, exploration and exploitation of marine minerals in international waters (referred to as “the Area“).
The Mining Code is still under development, but once complete will cover all environmental, financial, reporting and regulatory obligations incurred by seabed mining operations (called “contractors” due to their contractual relationship with the ISA) and the ISA itself. No mineral exploitation can occur until all elements of the Mining Code are finalized.
Existing recommendations and regulations can be found on the ISA website