US Edition
How the US triggered a ‘gold rush’ in deep-sea mining
- In April 2024, U.S. President Donald Trump issued an executive order aimed at accelerating the development and permitting of deep-sea mining activities in both U.S. And international waters.
- The order aims to counter China's mineral dominance and supports private companies accessing polymetallic nodules rich in critical minerals.
- The Metals Company , a Nasdaq-listed firm, swiftly applied for a commercial license under U.S. Law, challenging the International Seabed Authority's regulatory role.
- The executive order prompted increased investor interest described by TMC CEO Gerard Barron as 'phenomenal,' while critics warn it breaches international law and risks severe environmental harm.
- This move intensifies geopolitical tensions, pressures ISA members to finalize mining regulations, and raises concerns about protecting fragile marine ecosystems and indigenous rights.
15 Articles
15 Articles
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A decree signed by Donald Trump revives mining on the high seas, in violation of international law. And behind this rush towards rare metals, we find several Swiss companies like Allseas, Glencore or TransoceanAt the end of April, Donald Trump signed a decree that authorizes mining on the high seas, outside territorial waters, thus escaping international rules. A decision that could have disastrous consequences for biodiversity and climate. Inde…
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