GLOBAL SEA MINERAL RESOURCES STATEMENT ON REGULATION OF THE INTERNATIONAL SEABED
April 25, 2025
GSR calls on ISA Member States to adopt regulations on mineral exploitation
Global Sea Mineral Resources (GSR), the deep-sea exploratory division of the DEME Group, believes in an international rules-based approach to deep-sea mining (DSM) in the area beyond national jurisdiction and that regulation under the auspices of the International Seabed Authority (ISA) is the best way of ensuring the highest standards of environmental stewardship and the equitable sharing of benefits.
The case for diversifying the supply of critical minerals has never been more apparent as nations seek a much greater measure of mineral independence to support the energy transition and other industries vital to their national interest.
Recognising this, a number of countries (including Cook Islands, India, Japan, New Zealand, Norway) have adopted, or are in the process of adopting, national regulations to allow deep sea mining in their exclusive economic zones (EEZ) and some are actively exploring for minerals.
In addition, on 24 April 2025, President Trump signed an executive order that paves the way for deep-sea mining companies to commence operations in both the US exclusive economic zone and the international seabed area under the US regulator.
Technological Readiness
Deep-sea mining technology – specifically the technology for polymetallic nodule collection from the abyssal seafloor – is now at an advanced stage of development following successful deep-sea trials by GSR and other ISA contractors in the past few years.
The most recent published research supports the view that polymetallic nodule collection, conducted appropriately, may come to be recognised as one of the more responsible ways of meeting demand for critical minerals.
International process and progress
The ISA’s Draft Exploitation Regulations of the Mining Code have been in development for 11 years, with the schedule for completion continuously being extended. Whilst much of the text has been agreed, a number of legal and technical matters are yet to be finalised.
The ISA was established in 1994 through the UN Convention on the Law of the Sea, with a clear mandate: to ensure all mineral-related activities in the international seabed area are conducted for the benefit of humankind as a whole.
GSR counts on the ISA, supported by its 169 Member States and the EU, to act decisively and fulfil its mandate by finalising and adopting regulations for commercial activity.
Ends