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Showing posts sorted by date for query DEEP SEA MINING. Sort by relevance Show all posts

Wednesday, April 22, 2026

 

Source: Pressenza

We generally measure climate change through carbon emission graphs, global warming statistics, or images of melting glaciers. However, in light of recent research by climate scientist Friederike Otto, published in the British media outlet The Guardian, it becomes clear that climate change is not merely a ‘scientific problem’- it is, in fact, a deep and escalating crisis of justice.

Where Physics Ends, the Crisis Begins

Modern science can now determine with precision how much human activity has intensified weather patterns. However, science cannot explain why the same amount of rainfall merely causes a waterlogging nuisance on the streets of London, while washing away the homes of thousands in Dhaka or Lagos.

The difference lies not in the science of weather, but in the political and economic structures of society. When a natural disaster strikes, it cannot be measured solely by the volume of rain or the speed of the wind. That disaster reflects our existing poverty, gender inequality, and historical power structures.

Are ‘Natural Disasters’ Truly Natural?

There is a maxim in climate science: a disaster occurs only when Hazard, Exposure, and Vulnerability intersect. Labeling droughts in Africa or coastal cyclones in Bangladesh simply as “natural disasters” obscures the truth. Weak infrastructure, lack of early warning systems, and the unequal distribution of resources are what transform a weather event into a catastrophe. Calling it “natural” essentially absolves policymakers of their accountability.

Climate Impact at the Heart of Inequality 

Research shows that famines caused by droughts or floods are often influenced more by social context than by climate change itself. Gender inequality, in particular, exacerbates this crisis. When a pregnant woman is forced to labor in a field during extreme heatwaves, or when women are sidelined from receiving financial aid, climate change becomes a tool of gender-based exploitation.

Historical Responsibility and the Global South 

Climate injustice is a global moral crisis. The nations of the Global South, which have contributed the least to global carbon emissions, are paying the highest price today. At the root of this crisis lies colonial history. In many cases, the control of climate research remains in the hands of developed nations in the North, who often overlook the social and historical realities of the South.

The Bangladesh Context: A living Injustice 

The picture of this injustice is vivid in Bangladesh. The people of our coastal and riverine regions- who have never worked in large factories or led luxurious lives- are the ones being displaced by river erosion and salinity. Here, climate change is not just a rise in temperature; it is the stripping away of a marginalized person’s right to live.

A Human-Centric Solution 

Relying solely on technology or science to tackle climate change will not suffice. While international climate discussions remain confined to the limits of 1.5°C or 2°C, we must remember that behind every degree lies the survival of millions of people.

Climate policymaking is no longer just an economic analysis; it is a moral choice. If we cannot restructure our social and economic frameworks on the foundation of justice, we may save the planet with science, but we will fail to save humanity.

International Press Agency Pressenza believes it is time to rethink climate change. This is not just about a warming planet; it is the ultimate test of our humanity and sense of justice.

Developing countries must not bear climate burden alone, Central Asian leaders say

Developing countries must not bear climate burden alone, Central Asian leaders say
The Regional Ecological Summit in Astana in April 2026 aims to promote cooperation between countries in Central Asia and the broader region. / RES2026Facebook
By Clare Nuttall in Astana April 22, 2026

Leaders from Central Asia and neighbouring countries issued a stark warning on Wednesday that the global shift to a low-carbon economy risks deepening inequality unless it is managed fairly, with stronger support for developing countries that have contributed least to climate change but face some of its most severe consequences.

At the Regional Ecological Summit summit in Astana on April 22, Kazakhstan’s President Kassym-Jomart Tokayev stressed that climate policy must not come at the expense of development, calling for a more balanced and inclusive approach from the international community.

“Developed nations have reached their current level through years of industry,” Tokayev said. “From my perspective, selected approaches should not be accepted on ecological matters. The transition must be fair and balanced.”

He warned against policies that could constrain growth in emerging economies. “We must allow countries to move forward without compromising opportunities for development and progress,” he said. “There should be no naming, shaming or blaming.”

Tokayev framed environmental cooperation as inseparable from global stability. “These efforts should work for peace and just development,” he said. “Nature can exist without geopolitics — and geopolitics cannot exist without nature.”

The Kazakh leader emphasised the shared risks facing the region. “We share rivers, landscapes and climate risks, and most importantly we share responsibility,” he said, listing water scarcity, desertification, air pollution and biodiversity loss among the most pressing challenges. “The time for making solutions has come.”

Unequal burden

His comments were echoed by other leaders, who pointed to mounting environmental damage despite their countries’ relatively small contributions to global emissions.

Uzbekistan’s President Shavkat Mirziyoyev said climate change was accelerating across Central Asia, with visible and measurable impacts.

“Nearly one third of glaciers have been lost in the region,” Mirziyoyev said. “Precipitation patterns are increasingly erratic, water shortages are growing, and land degradation now affects 80 million hectares.”

He criticised what he described as a gap between global commitments and real action. “Declarations and calls for action are not backed by action,” he said. “Once again, the countries that have contributed the least to climate change are left to face the consequences on their own.”

Mirziyoyev called for concrete support mechanisms. “There must be international solidarity,” he said. “Developing countries must have access to climate finance and advanced technologies.”

Armenian President Vahagn Khachaturyan highlighted the vulnerability of mountainous countries, noting that Armenia contributes just 0.02% of global greenhouse gas emissions.

“As a mountain country, Armenia already faces serious impacts of climate change,” he said. “The average temperature has increased and is expected to continue rising by mid-century.”

He pointed to a rise in extreme weather events. “Climate change has led to more floods and ecological losses,” Khachaturyan said. “Like other mountain states, our country is vulnerable to climate change and environmental degradation.”

Khachaturyan called for more focus on those most at risk. “We want to prioritise the most vulnerable developing countries, including mountainous ones,” he said. “Together we can protect our planet and ensure long-term resilience for our societies.”

Economic toll

Kyrgyzstan’s President Sadyr Japarov described a growing economic toll from climate impacts, warning that the country’s development prospects are increasingly under threat.

“Climate-related challenges are affecting economic development and the wellbeing of our people,” Japarov said. “Kyrgyzstan accounts for only 0.3% of greenhouse gas emissions and at the same time bears a disproportionately heavy burden.”

He cited a sharp increase in natural disasters. “Mudflows and floods have tripled since 2020, causing almost $16 million in damage annually,” he said.

Japarov warned of long-term risks tied to glacier loss. “There has been a 16% decrease in glacier coverage, and by 2100 we may lose up to 80% of our glaciers,” he said. “This would be catastrophic not only for our country but for the entire region.”

He added that water systems are already under strain. “The water level in Lake Issyk-Kul has dropped, and the number of rivers flowing into it has decreased from over 100 to just 30,” he said.

Kyrgyzstan’s reliance on hydropower adds further pressure. “Our energy sector relies on hydropower, which is already facing growing winter shortages,” Japarov said, warning that inaction could reduce GDP by 2-3% by 2040.

Tajikistan’s President Emomali Rahmon described water scarcity as a global crisis requiring urgent cooperation.

“Water scarcity and environmental degradation have become a humongous challenge not just regionally but worldwide,” Rahmon said. “This undoubtedly requires joint and coordinated efforts.”

He noted that Tajikistan is the source of around 60% of Central Asia’s water resources but is facing rapid environmental change.

“Of about 14,000 glaciers, around 1,400 have completely disappeared,” he said. “We are concerned about ever-retreating glaciers and smaller and smaller snowfalls … The intensification of glacier retreat is creating a whole set of threats to the environment and leading to disturbances in water supply.”

He also highlighted a sharp rise in extreme weather events. “In 2025, there were over 60 dust storms lasting a total of about seven months. This has never happened before. In the early 1990s, there were only two or three such episodes per year.”

Mongolian President Ukhnaagiin Khürelsükh said his country’s fragile ecosystems are already under strain.

“Mongolia is located in high mountain territories with eternal snow, glaciers and permafrost,” he said. “Our unique but vulnerable system has already experienced the impact of 21st century changes, including water scarcity and environmental degradation.”

He warned of severe future shortages. “By 2050, water resources may fall by 50%,” Khürelsükh said. “We have a common challenge in the scarcity of drinking water and the need to protect mountainous ecosystems.”

Returning to the global context, Tokayev said environmental challenges are unfolding against a backdrop of rising geopolitical tension.

“We meet at a time of growing uncertainties and unpredictability,” he said. “These deeply affect global and regional stability and the quality of life of millions of people. They undermine development and divert resources away from environmental challenges.”

He called for stronger international governance, and warned against selective approaches to global rules. “The role of the international community does really matter,” Tokayev said. “The UN Charter must be preserved. We should avoid the selective application of the UN Charter to military conflicts. From my perspective, selected approaches should not be accepted on ecological matters either.”

Tokayev said the scale of current change is unprecedented. “We have entered an era of transformation of such nature and scale that it is unprecedented and therefore unpredictable,” he said.

He also stressed that environmental policy should be understood in human terms. “Ecology is not limited to climate alone. It is about human livelihood, clean air, safe water, healthy food and secure food systems. Ecology is a way of living responsibly on our shared planet.” 

Kazakhstan pushes for regional cooperation on climate as threats increase

Kazakhstan pushes for regional cooperation on climate as threats increase
Minister of Ecology and Natural Resources Yerlan Nyssanbayev speaks to journalists in Astana ahead of the Regional Ecological Summit 2026. / bne IntelliNewsFacebookTwitter





Clare Nuttall in Astana April 22, 2026

Kazakhstan’s ecology minister has called for deeper cooperation across Central Asia to tackle shared environmental issues, as the region faces increasing threats from climate change. Speaking on April 21, Minister of Ecology and Natural Resources Yerlan Nyssanbayev said the Regional Ecological Summit 2026 that opens on April 22 would serve as a platform to forge practical solutions to cross-border challenges ranging from water scarcity to climate change.

“Today ecological agenda is not only about conserving the nature,” Nyssanbayev told a briefing with journalists in Astana. “The water resources, glaciers, soil degradation, air quality, sustainable agriculture, preserving biodiversity and the future of the Caspian Sea are directly related to economy, health, food security and sustainability of the countries.”

He stressed that environmental risks in Central Asia are inherently transnational. “These ecological challenges know no borders. Desertification, climate change, cross-border rivers and ecosystem condition impact several countries at once,” he said. “That is why the solutions should be developed in collaboration.”

The summit, he said, reflects a broader shift in regional thinking. “The main value of this summit is it transfers all these issues from discussion level to practical coordination level,” Nyssanbayev said. “It’s not only about political statements but about practical decisions, new technologies, partnerships, investments between countries, business and international organisations.”

Kazakhstan, he added, is positioning itself as a facilitator rather than simply a host. “For Kazakhstan, conducting this summit is … about showing readiness to promote the joint agenda, to provide a platform for joint decisions and strengthen regional cooperation based on trust and mutual benefit.”

The minister said Central Asia in particular requires collaborative approaches in several key areas. “This region needs coordinated approaches to water safety, to climate adaptation, to ecosystem protection and modernising economy,” he said. “The summit creates a platform where ecology will be a basis for trust, partnership and longstanding cooperation.”

He added that the event would extend engagement beyond Central Asia. “From a broader dimension it also opens opportunity for dialogue with other countries including Trans-Caucasian countries,” he said.

Among the most pressing concerns is the future of the Caspian Sea, which Nyssanbayev said is already being affected by rising temperatures. “The Caspian is affected by global warming. Because of the increase in temperature the evaporation levels are increasing,” he told journalists.

He pointed to existing frameworks for cooperation, including regional agreements among littoral states. “Jointly all the Caspian Sea countries are monitoring the condition and we exchange data,” he said. “We need to jointly work on developing some proposals, suggestions to stop these problems.”

Kazakhstan has set out its own long-term climate strategy, targeting carbon neutrality by 2060. Nyssanbayev said this includes sector-specific measures across energy, industry, agriculture and waste management, as well as mechanisms such as green finance and a just transition.

“We updated and approved our indices with the aim to reduce emissions by 17% by 2035 in comparison with 1990,” he said.

However, the scale of the challenge remains significant, particularly in the energy sector. “Nowadays the energy sector is responsible for up to 80% of all emissions in Kazakhstan,” Nyssanbayev said. “That’s why our main goal right now is to modernise the energy sector to stabilise the situation in our ecology.”

He added that tackling methane emissions is also a priority. “Global warming is affecting all countries and we need to work on our methane emissions too,” he said.

Financing remains a major constraint. “All these actions need financing, and we made preliminary estimation in order to achieve our goal on carbon neutrality by 2060 we need about $600bn,” Nyssanbayev said. “The government is investing in this and the private sector is also investing in modernising the energy sector, but still this issue is very important.”

Kazakhstan has already implemented market-based mechanisms to curb emissions. “There is an emission trading system which has worked since 2013 and it covers almost half of the national emissions in the energy, chemicals and mining and metallurgy sectors,” he said.

The country is now seeking closer alignment with international systems. “We are working on integrating our system with the European system and developing projects on deforestation and carbon land management,” he said. “We are also implementing measures in accordance with Article 6 of the Paris Agreement to enter into the international carbon market.”

Nyssanbayev said such steps would help Kazakhstan meet its climate targets while contributing to broader global efforts. “All these steps will help us achieve ambitious climate objectives and promote global sustainability,” he said.

Looking ahead to the summit, he stressed the need for a shift in mindset among regional partners. “The main position of the summit is that countries of the region should not only talk about challenges we face in this area but about joint solutions we can come up with,” he said.


Tuesday, April 14, 2026

BAN DEEP SEA MINING

U.S. Interest In Seabed Mining In International Waters: Background And Recent Developments – Analysis


Proposed Machinery and Technology for Collecting Seabed Minerals. Credit: CRS

April 14, 2026 
By Caitlin Keating-Bitonti

The Congressional Research Service (CRS) 

In 1980, Congress passed the Deep Seabed Hard Mineral Resources Act (DSHMRA; 30 U.S.C. §§1401 et seq.) as an interim measure to allow the United States to proceed with seabed mining activities in areas beyond national jurisdiction (ABNJ) until an international regime was in place (i.e., the United Nations Convention on the Law of the Sea [UNCLOS]). DSHMRA established a framework for authorizing U.S. citizens (e.g., individuals, corporations) to explore for and recover minerals from the seabed in ABNJ. In general, exploration means the at-sea observation, evaluation, and taking of seabed minerals as needed to design and test mining equipment, and commercial recovery means the actual at-sea mining and processing of seabed minerals for the primary purpose of commercial use (30 U.S.C. §1403).

On April 24, 2025, President Trump issued Executive Order (E.O.) 14285, “Unleashing America’s Offshore Critical Minerals and Resources,” which directed certain federal agencies, including the National Oceanic and Atmospheric Administration (NOAA), to advance seabed mining activities as part of a broader national effort to secure reliable supplies of critical minerals. This In Focus discusses the actions of NOAA and U.S. companies related to seabed mining in ABNJ as well as congressional interest in the topic. The Department of the Interior’s Bureau of Ocean Energy Management and its regulation of mineral-related activities is beyond the scope of this In Focus.

UNCLOS and the International Seabed Authority

UNCLOS was adopted in 1982, establishing a comprehensive international legal framework to govern activities related to the global ocean, including seabed mining. In 1994, the Agreement Relating to the Implementation of Part XI of the United Nations Convention on the Law of the Sea (commonly known as the 1994 Agreement) substantially modified the seabed mining provisions of UNCLOS to address concerns held by many industrialized nations. After the adoption of the 1994 Agreement, UNCLOS received the necessary number of signatories for UNCLOS to enter into force. The United States is not a party to UNCLOS or the 1994 Agreement.

UNCLOS also established the International Seabed Authority (ISA), an autonomous organization that regulates parties to UNCLOS conducting mineral-related activities in ABNJ. The ISA came into existence with the adoption of the 1994 Agreement and became fully operational in 1996. The United States participates as an observer state in the ISA but, as a nonparty, has no vote in ISA business and cannot apply for or obtain a contract for seabed mining exploration or exploitation through the ISA. To date, the ISA has issued 31 exploration contracts, of which 17 are located in the Clarion-Clipperton Zone (CCZ). The CCZ is a 1.7-million-square-mile area of the seafloor in the Pacific Ocean that is estimated to contain more cobalt, manganese, and nickel—identified by the U.S. Geological Survey as critical minerals—than all known land deposits combined. The ISA is working toward finalizing exploitation regulations and has not issued any exploitation contracts (DSHMRA uses the term commercial recovery permits, which would serve a similar purpose to exploitation contracts issued by ISA).

Exploration Licenses Issued by NOAA

DSHMRA authorized the NOAA administrator to issue exploration licenses and commercial recovery permits to U.S. citizens for seabed mining activities in ABNJ (30 U.S.C. §1412). In 1984, NOAA issued exploration licenses for four sites located in the CCZ. NOAA issued exploration licenses to four U.S. mining consortia, three of which were multinational private sector consortia with participating American companies. NOAA issued the following:USA-1 to Ocean Minerals Company, comprising Cyprus Minerals and Lockheed Martin Corporation (American companies);
USA-2 to Ocean Management Inc., comprising Schlumberger Technology (an American company) and Canadian, German, and Japanese companies;
USA-3 to Ocean Mining Associates, comprising Essex Minerals Co. and Sun Ocean Ventures, Inc. (American companies) and Belgian and Italian companies; and
USA-4 to Kennecott Consortium, comprising Kennecott Utah Copper Corporation (an American company) and British, Canadian, and Japanese companies.

NOAA issued these licenses 10 years before UNCLOS entered into force and 12 years before the ISA became operational. NOAA has not issued exploration licenses since 1984. The agency has approved extension requests following the initial 10-year periods of the licenses. A license can be extended for five-year periods (30 U.S.C. §1417(a)). NOAA has not issued any commercial recovery permits.

Two of the four exploration licenses issued by NOAA (USA-2 and USA-3) were relinquished in the late 1990s (64 Federal Register [FR] 3563). USA-1 and USA-4 remain the only active exploration licenses issued by NOAA pursuant to DSHMRA. Lockheed Martin holds both licenses. It became the sole holder of the licenses by different means. In 1993, Kennecott Consortium relinquished USA-4 to NOAA (58 FR 33933). Ocean Minerals Company, the consortium including Lockheed Martin, applied for USA-4 (58 FR 34782), and NOAA issued the license in 1994 (59 FR 66942). In 1995, Cyprus Minerals withdrew from Ocean Minerals Company, leaving Lockheed Martin as the sole company overseeing USA-1 and USA-4.

USA-1 and USA-4 are expected to remain in effect through June 2, 2027 (87 FR 52743). In 2021, the ISA designated an area of the CCZ that partially overlaps with USA-1 as an Area of Particular Environmental Interest. The designation precludes UNCLOS parties from seabed mining activities in the area. This action appears to question whether NOAA-issued exploration licenses have international recognition. Because the United States is not a party to UNCLOS, any future NOAA-issued licenses and permits that may (or may not) overlap with ISA designations could have similar uncertainty. According to a 2017 NOAA notice, “any rights a U.S. company may have domestically are not secured internationally.”

Lockheed Martin may submit an extension request to NOAA at least six months prior to June 2, 2027, to retain USA-1 and USA-4. If the licenses are not extended, U.S. entities can request NOAA transfer USA-1 and/or USA-4, pursuant to 15 C.F.R. §970.516.

Pending Applications to NOAA

E.O. 14285 directed NOAA, in consultation with the Departments of State and the Interior, to expedite the process for reviewing and issuing licenses and permits under DSHMRA, among other actions. NOAA reportedly has received “over 10 applications” since the E.O. was issued. Once NOAA determines an application to be fully compliant with DSHMRA, the agency will publish a notice in the Federal Register (15 C.F.R. §970.212 and 15 C.F.R. §971.212). As of the date of this publication, NOAA has determined that four applications are fully compliant with DSHMRA (90 FR 60064 and 91 FR 13822):
The Metal Company’s (TMC’s) U.S. subsidiary, TMC USA, submitted two exploration license applications (A and B). TMC, a Canadian company, has two other foreign subsidiaries: Nauru Ocean Resources Inc. (NORI) and Tonga Offshore Mining Limited (TOML). Through sponsorships with Nauru and Tonga (both UNCLOS parties), NORI and TOML each hold one ISA exploration contract in the CCZ. TMC USA’s applications to NOAA overlap with portions of Nauru’s and Tonga’s respective ISA exploration contract areas.
American Metal Resources (AMR) submitted one exploration license application. It overlaps with some ISA-designated reserved areas in the CCZ as well as a portion of another company’s application to NOAA.
SeaX (a subsidiary of AMR) submitted one exploration license application. It overlaps with some ISA-designated reserved areas in the CCZ.

A fully compliant application does not mean an application will be certified and that a license or permit will be issued.

On January 21, 2026, NOAA issued a final rule that revised its seabed mining regulations to include a “consolidated license and permit application process in which applicants could meet both exploration license requirements, to establish priority of right, and permit requirements simultaneously” (91 FR 2642). The final rule is reflected in 15 C.F.R. §971.214. On January 22, 2026, TMC USA submitted a consolidated application, and on March 9, 2026, the company announced that NOAA determined the application to be in substantial compliance.

Some companies also have publicly announced applications that they have submitted to NOAA while awaiting NOAA’s determination, including Deep Sea Rare Mineralsand American Ocean Minerals Corporation.

Recent Congressional Interest


Congress may continue to consider seabed mining issues in the context of E.O. 14285 and U.S. industry interest in acquiring NOAA exploration licenses and commercial recovery permits for seabed mining in ABNJ. Some Members have introduced legislation in the 119th Congress that would codify E.O. 14285 (e.g., H.R. 3803) or mandate that certain federal entities act on aspects of the E.O. (e.g., H.R. 4018, S. 2860). These bills reiterate that “the United States faces unprecedented economic and national security challenges in securing reliable supplies of critical minerals independent of foreign adversary control” as stated in the E.O. Some Members have questioned how seabed mining could address these challenges given no commercial-scale processing facilities for seabed minerals exist. Some experts contend that “much more needs to be done before the seabed can help secure America’s supply chains.”

The three bills also would direct NOAA to expedite the authorization of U.S. seabed mining activities in ABNJ under DSHMRA. According to the ISA, however, authorization of seabed mining activities outside the UNCLOS framework (e.g., via DSHMRA) “may incur legal, diplomatic, economic, security, financial and reputational risks.” Congress may weigh in on the extent to which the issuance of new NOAA licenses and permits might present geopolitical disagreements. Views on the potential for such disagreements vary. While the four fully compliant applications overlap with ISA-designated areas, TMC, AMR, and SeaX each stated in their applications to NOAA that they do not anticipate any conflicts. In contrast, the Secretary-General of the ISA stated that “any unilateral action … sets a dangerous precedent that could destabilize the entire system of global ocean governance.”

U.S. accession to UNCLOS may reduce the potential for geopolitical disagreements, at the cost of replacing U.S. government decisionmaking with that of an international body. Weighing the advantages and disadvantages of giving U.S. entities access to ISA contracts through U.S. accession to UNCLOS is an ongoing issue for Congress. S.Res. 331 calls for the Senate to take up UNCLOS. Some experts argue the United States has the authority to mine ABNJ.

Other Members have introduced legislation (H.R. 664) to prohibit NOAA from authorizing seabed mining activities in ABNJ until more is known about its environmental impacts. Separately, H.R. 663 would instruct the President to call for an international seabed mining moratorium until the ISA adopts a regulatory framework. As of April 2026, 40 countries have announced their opposition to deep-seabed mining.


About the author: Caitlin Keating-Bitonti, Specialist in Natural Resources Policy

Source: This article was published by the Congressional Research Service (CRS).

The Congressional Research Service (CRS) works exclusively for the United States Congress, providing policy and legal analysis to committees and Members of both the House and Senate, regardless of party affiliation. As a legislative branch agency within the Library of Congress, CRS has been a valued and respected resource on Capitol Hill for nearly a century.


A journey to the bottom of the ocean, beneath Paris’s skyscrapers

An interactive exhibition underneath the streets of Paris's La Défense business district reveals another hidden world – that of the darkest depths of the ocean. Bringing together art and science, it shows the beauty and vulnerability of Earth's final frontier.


Issued on: 12/04/2026 - RFI

Spheres of bioluminescence, using photobacteria from the depths of the ocean, in a sculpture created by artist Jérémie Brugidou. © Augustin Detienne
02:41
By:Ollia Horton
ADVERTISING


Beneath the Grande Arche de la Défense, in Paris’s business district, visitors equipped with headphones and pocket torches are plunged into darkness.

The "Under the Horizon" exhibition sees four artists take over this hidden urban space to bring to life another hidden world – that of the depths of the ocean.

Covering 70 percent of the Earth's surface, oceans provide more than half our oxygen and absorb excess heat caused by climate change. Home to a hive of microscopic activity, their darkest depths, reaching 2,000 metres beneath the surface, remain largely unexplored.

What are the main ocean threats?




The "Under the Horizon" exhibition takes place in an underground space in Paris's La Défense business district, from 3-26 April. © Augustin Detienne

Creatures of the deep

As visitors enter the exhibition, a high-pitched crackling noise can be heard. These are translations of "conversations" of phytoplankton, captured by sound designer Antoine Bertin.

These tiny micro-organisms constantly send and receive chemical "messages" called metabolites, measured by biologists.

Meanwhile in the "midnight zone", artist Ugo Schiavi explores what forms human pollution might take if left to accumulate in the depths of the ocean.

His hybrid, mutant sculptures made of recycled items lurch out from the gloom, inspired by the strange creatures that inhabit this realm.

Beyond a creative interpretation, Schiavi raises the issue of the vulnerability of this part of the ocean – which contains coveted minerals including nickel, cobalt and copper, which are crucial to renewable energy technology.

Researchers and environmentalists have long warned that deep-sea diving risks destroying habitats and species that are little understood, and could upset delicate processes in the ocean that affect climate change.

Nearby, Jérémie Brugidou’s sculptures use bioluminescence produced by Phosphorus ANT-2200, a deep-sea bacteria. This form of light is used by organisms to attract prey, send signals and provide camouflage.

It also provides important information for scientific research. Molecules and proteins from bioluminescent and fluorescent species have enabled advances in imaging, molecular biology and physiology.

The big blue blindspot: why the ocean floor is still an unmapped mystery


Ritual and reassurance

After visiting the darkest parts of the ocean, visitors are led into a reproduction of a sea cave, where they can make an offering to the sea goddess Yemaya, a major deity in the West African Yoruba religion.

Here, artist Shivay La Multiple has created a bubble – "somewhere in between one universe and another" – where science meets spirituality.

She says the ocean is linked to rituals in many places, as well as having sustained livelihoods in cultures across the world since the beginning of time.

"Where I grew up has definitely had an influence on my work. I was lulled by the ocean and inspired by what was around me," she told RFI, pointing to her childhood in Kanaky-New Caledonia, one of France’s overseas territories.

"These practices make us feel reassured, they help up explain the unexplainable," she says of the shrine to Yemaya, adorned with shells and flowers.

The sea goddess Yemaya is seen in an artwork by Shivay La Multiple at the "Under the Horizon" exhibition. © RFI / Ollia Horton

'Life outside the office'

The exhibition is part of a wider cultural plan to bring art and environmental issues to this urban area, Noellie Faustino, director of events for La Défense, told RFI.

It’s important to show that there’s "life outside of the office", she says, adding that this can be found in unexpected places – such as the hidden space beneath the la Grande Arche.

"By offering access to normally inaccessible spaces, it sparks curiosity and allows for the creation of unique exhibitions."

Faustino added that La Défense has put in place measures to significantly reduce carbon emissions by 2030, including standards for construction and the way public spaces are developed.


The "Takis" sculpture in La Défense, Paris's business district. 
© PLD-Benedite Topuz


"We are currently creating a park at the Esplanade, right in the heart of the business district. It will be the first park in France built on a concrete slab, allowing users to enjoy tree-lined public spaces with grass."

As well as transforming the public space visually, Faustino says the park will reduce heat-related issues.

For Lauranne Germond, co-curator of "Under the Horizon" La Défense is the perfect setting to show the contrast between two very different worlds.

"On the surface of La Défense, activity and efficiency reign. There's a frenetic pace of productivity [while the exhibition is] an experience of slowing down, of letting go. It is the idea of ​​letting oneself be carried away, of letting oneself float."

"Sous l'Horizon" ("Under the Horizon") is on until 26 April.




An artistic journey to the bottom of the ocean

What can be found in the abyss, thousands of metres below the surface of the ocean? In the interactive exhibition "Under the Horizon" (Sous l'horizon), four artists merge science and imagination to explore the mysteries of the deep, all while raising awareness of this fragile environment. RFI took the plunge into a secret underground space in Paris's business district to find out more.


Sunday, April 12, 2026

BAN DEEP SEA MINING

The Metals Royalty debuts on Nasdaq with deep-sea bet

The Metals Royalty debuts on Nasdaq with deep-sea bet - Mining Industry News

The Metals Royalty Company Inc. (TMCR) made its public market debut on the Nasdaq on Wednesday, April 8, 2026, marking a significant milestone for deep-sea mining finance. The company holds a crucial royalty interest in The Metals Company's (TMC) NORI project in the Pacific Ocean, which aims to extract polymetallic nodules rich in nickel, cobalt, and copper – essential battery metals. This move introduces a proven financing model into the nascent and high-potential deep-sea mining sector, addressing the accelerating global demand for critical minerals.

The Metals Royalty Company Debuts on Nasdaq, Charting a Course for Deep-Sea Mining Finance

In a significant development for the global mining investment landscape, The Metals Royalty Company Inc. (TMCR) commenced trading on the Nasdaq stock exchange on Wednesday, April 8, 2026. This public debut under the ticker symbol TMCR signals the arrival of a distinctive financing model applied to the burgeoning, yet complex, realm of deep-sea mining. The company's core asset is a royalty on the pioneering NORI project in the Pacific Ocean, operated by The Metals Company (TMC), an entity also listed on Nasdaq under TMCWW. This strategic entry into public markets is closely watched by industry analysts and investors, as it represents an early, tangible step towards monetizing deep-sea mineral resources crucial for the accelerating demand for battery metals.

A Novel Financing Model for a New Frontier

Royalty companies have long been an integral part of the terrestrial mining sector, providing upfront capital to developers in exchange for a percentage of future production or revenue from a mine. This model offers investors exposure to commodity prices with lower operating risk, while providing mining companies with non-dilutive financing. The Metals Royalty Company's Nasdaq listing, as explained by Chief Executive Officer Brian Paes-Braga in an interview with MINING.COM’s Devan Murugan, explores how this established financing mechanism can translate effectively to the unique challenges and opportunities presented by offshore resource extraction.

The debut of TMCR suggests a growing confidence among some parts of the investment community in the long-term viability of deep-sea mining. While the sector is acknowledged to be "still defining its path to production," as noted by Paes-Braga, securing predictable funding through royalty streams can de-risk projects for operators like TMC. For investors, it offers a diversified exposure to critical minerals without direct involvement in the operational complexities or the substantial capital expenditures typically associated with developing new mines, be they on land or underwater.

The NORI Project: Targeting Polymetallic Nodules

At the heart of The Metals Royalty Company's investment strategy is its royalty interest in the NORI project. This initiative, spearheaded by The Metals Company (TMC), focuses on the extraction of polymetallic nodules from the abyssal plains of the Pacific Ocean. These potato-sized concretions, formed over millions of years, lie on the seafloor and are rich in a suite of valuable metals. Specifically, the NORI project targets nodules containing economically significant quantities of:

  • Nickel: A primary component in high-energy density lithium-ion batteries.
  • Cobalt: Valued for its role in enhancing battery performance and stability.
  • Copper: An essential metal for electrical conductivity, used extensively in wiring and power transmission, including in electric vehicles and renewable energy infrastructure.

The presence of these critical battery metals in polymetallic nodules makes deep-sea deposits particularly attractive amid forecasts of escalating demand for electric vehicles (EVs) and renewable energy storage solutions. As terrestrial deposits face increasing geological, logistical, and geopolitical challenges, deep-sea resources are viewed by proponents as a potential new frontier for securing vital raw material supplies.

The Accelerating Demand for Battery Metals

The timing of TMCR's public offering coincides with an unprecedented surge in global demand for battery metals. Governments worldwide are committing to decarbonization targets, accelerating the transition to electric vehicles and investing heavily in grid-scale energy storage. This transition is inherently metal-intensive, placing immense pressure on existing supply chains for nickel, cobalt, lithium, and copper.

Traditional mining operations, while expanding, often face lengthy permitting processes, community resistance, and diminishing ore grades. The search for alternative, reliable sources of these strategic minerals has intensified, pushing exploration efforts into less conventional environments, including the deep ocean. Deep-sea mining, despite its nascent stage, is positioned by its advocates as a potential solution to diversify supply sources and meet the projected demand deficits that current terrestrial production may struggle to satisfy. For investors in TMCR, the bet is not just on the NORI project's success, but on the enduring and growing need for its target commodities.

Uncertainty and the Path to Production

Despite the excitement surrounding deep-sea minerals, the route to full-scale commercial production remains fraught with considerable uncertainty. The sector is navigating a complex interplay of engineering challenges, evolving environmental regulations, and significant public scrutiny. Key areas of concern and development include:

  • Technological Readiness: Developing and deploying extraction and processing technologies capable of operating efficiently and reliably kilometers beneath the ocean surface is a monumental task. The harsh subsea environment, coupled with the need for precise collection and vertical transport systems, requires continuous innovation.
  • Environmental Impact: Critics raise serious concerns about the potential ecological damage deep-sea mining could inflict on fragile and unique abyssal ecosystems. Understanding and mitigating these impacts are paramount, driving extensive scientific research and public debate.
  • Regulatory Frameworks: International bodies, such as the International Seabed Authority (ISA), are still in the process of finalizing comprehensive regulations for commercial deep-sea mining in international waters. The pace and content of these regulations will significantly influence the sector's operational timelines and economic viability.
  • Economic Viability: The capital intensity of developing deep-sea mining operations means that projects must demonstrate robust economic returns to attract sustained investment. The ability to process polymetallic nodules efficiently and cost-effectively, followed by metallurgical extraction on land, will be critical.

Brian Paes-Braga's acknowledgment that the sector is "still defining its path to production" underscores these inherent challenges. For investors in The Metals Royalty Company, evaluating this investment involves weighing the significant future demand for critical minerals against these developmental and regulatory hurdles. The royalty model, by its nature, hedges some of this risk by focusing on a percentage of future revenue rather than direct operational success, but it still relies on eventual successful production.

Implications for the Mining Industry and Future Investment

The public listing of The Metals Royalty Company is more than just a financing event; it is a bellwether for the evolving landscape of global resource extraction. It signifies that:

  • Deep-Sea Mining is Gaining Traction: While controversial, deep-sea mining is undeniably attracting serious capital and public market attention, signaling its transition from a purely speculative concept to a tangible investment opportunity.
  • Diversification of Supply Chains: The move highlights the industry's continuous quest for new mineral sources to diversify supply chains, which have proven vulnerable to geopolitical tensions and logistical disruptions in recent years.
  • Innovation in Mining Finance: The application of the royalty model to such a nascent, high-potential sector demonstrates the adaptability and resilience of mining finance structures to support pioneering ventures.

As the global economy continues its push towards electrification and sustainable technologies, the strategic importance of critical minerals will only grow. Companies like TMCR are positioning themselves at the cutting edge of this demand, providing a unique avenue for investors seeking exposure to the next generation of mineral supply. Whether deep-sea mining can indeed deliver the returns anticipated by its proponents will depend on overcoming the technical, environmental, and regulatory hurdles that lie ahead. Nevertheless, The Metals Royalty Company's Nasdaq debut marks an undeniable and fascinating chapter in the ongoing story of global mineral resource development. The industry will be watching closely to see if this deep-sea bet pays off for shareholders and helps secure the vital resources of tomorrow.

 

The Metals Royalty Nasdaq debut: deep-sea nodule economics for mine financiers

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Reviewed by Joe Ashwell

First reported on MINING.com

30 Second Briefing

The Metals Royalty Company has listed on Nasdaq under ticker TMCR, offering investors a royalty exposure to TMC’s NORI deep-sea polymetallic nodule project in the Pacific Ocean targeting nickel, cobalt and copper. Chief executive Brian Paes-Braga positions the structure as a conventional mining royalty model applied offshore, with returns linked to future production from nodules on the Clarion-Clipperton-type seabed rather than equity in TMC (NASDAQ: TMCWW). For mining financiers and project developers, the move signals growing capital-market appetite for seabed resource plays despite unresolved regulatory and production-risk questions.

Technical Brief

  • Deep-sea nodules targeted contain nickel, cobalt and copper, aligning with battery and energy-transition demand profiles.

Our Take

TMC’s NORI project has already driven a $131 million increase in royalty liabilities, according to our 27 March 2026 coverage, signalling that The Metals Royalty Company’s deep-sea exposure is tied to a highly leveraged asset whose economics are very sensitive to permitting and valuation assumptions.

The recent NOAA ruling on TMC’s consolidated exploration and commercial recovery permit application in the Pacific Ocean means US regulatory outcomes will heavily influence the risk profile of this Nasdaq-listed royalty vehicle, even though the underlying critical minerals are destined for global battery supply chains.

Nickel and cobalt pieces in our database are still dominated by land-based projects, so this deep-sea royalty listing stands out as one of the few financing plays explicitly linked to polymetallic nodules, which may attract investors comfortable with higher ESG and regulatory uncertainty in exchange for potential long-life battery metals optionality


AOMC, Odyssey merge to build $1B deep-sea miner

The merged firm will span the Cook Islands zone and US-regulated international waters with global reach. (Image courtesy of Odyssey Marine Exploration.)

American Ocean Minerals Corp. is merging with Odyssey Marine Exploration (NASDAQ: OMEX) in a reverse takeover that will create a roughly $1 billion deep-sea mining company.

The all-stock transaction includes more than $150 million in private placement financing from institutional and strategic investors, alongside a $75 million pre-public raise completed in February by American Ocean Minerals.

The combined company will retain the American Ocean Minerals name and trade on the Nasdaq under the symbol AOMC, pending shareholder approval. Former Rio Tinto CEO Tom Albanese will serve as chairman, with capital markets veteran Mark Justh as chief executive officer.

“AOMC will be positioned to be a reliable, long-term supplier for American re-industrialization,” Albanese said in a statement. “We are taking a differentiated, responsible approach to the research and development of deep-sea resources. The work over the past decade has set a high standard for advancing the industry responsibly, and we are proud to play a role in maintaining that standard.”

Critical minerals push

The deal comes as the US and its allies push to secure alternative sources of critical minerals used in batteries, manufacturing and defence, amid growing concern over concentrated global supply.

It is also one of several moves to accelerate ocean-floor mining that have gained momentum over the past year, after US President Donald Trump issued an executive order to fast-track offshore mining, aiming despite strong opposition from environmental groups.

American Ocean Minerals is building a portfolio across the Cook Islands’ exclusive economic zone and US-regulated international waters, including the Clarion-Clipperton Zone and the Penrhyn Basin, with interests in two licensed exploration projects in the Pacific.

In US-regulated waters, the company has met compliance requirements for two exploration applications under the Deep Seabed Hard Mineral Resources Act, covering more than 1.4 billion tonnes of inferred resources.

The focus is on polymetallic nodules containing nickel, copper, cobalt, manganese, iron and rare earth elements, which are critical to electrification, steelmaking and energy storage.

Together, the assets represent billions of tonnes of mineral resources and position the company to advance toward prefeasibility and environmental studies as regulatory clarity improves.