{"id":69092,"date":"2025-03-17T11:48:15","date_gmt":"2025-03-16T22:48:15","guid":{"rendered":"https:\/\/www.greenpeace.org\/aotearoa\/?p=69092"},"modified":"2025-03-17T13:54:59","modified_gmt":"2025-03-17T00:54:59","slug":"greenpeace-the-deep-sea-mining-industry-is-crumbling-and-desperate","status":"publish","type":"post","link":"https:\/\/www.greenpeace.org\/aotearoa\/press-release\/greenpeace-the-deep-sea-mining-industry-is-crumbling-and-desperate\/","title":{"rendered":"The deep sea mining industry is crumbling and desperate"},"content":{"rendered":"\n

The 30th Session of the International Seabed Authority<\/a>, which starts today in Kingston, Jamaica, is the first under the new Secretary-General Leticia Carvalho, a scientist whose appointment brings an opportunity to reset the ISA’s focus away from prioritising deep sea mining industry interests and towards its mandate of protecting the seabed for all.[1][2]<\/p>\n\n

In stark contrast with Carvalho\u2019s science-driven approach, delegates are being forced to address The Metals Company’s (TMC) threat to submit the world\u2019s first ever deep sea mining application for the international seabed in June without any rules and regulations in place.[3] TMC are seeking regulatory certainty from governments at this meeting, calling on governments to deliver a pathway to greenlight the start of deep sea mining <\/a>despite growing headwinds.<\/p>\n\n

Greenpeace International campaigner Louisa Casson, who is attending the meeting, said: “The deep sea mining industry is crumbling and resorting to increasingly desperate tactics as they lose support from governments and investors. The last weeks have repeatedly shown that companies are failing to live up to their hype and downsizing plans before they\u2019ve even started. There\u2019s never been a better time for governments to take decisive action to protect the ocean from this faltering, risky industry.”<\/p>\n\n

The deep sea mining industry is facing significant challenges due to the lack of financing support<\/a>, the unavailability of ships and delays with building its equipment<\/a>; mining test results failing to support industry claims of little harm<\/a>; general growing distrust of its viability; new battery chemistries moving away from minerals found in the deep sea [4], more evidence that opening the ocean frontier will neither halt nor reduce terrestrial mining for nickel and cobalt; <\/a>and the improbability of getting a green light from governments at the ISA to operate.<\/p>\n\n

Earlier this year, in a further sign of a faltering industry, TMC gave up one third of their exploration areas in the north-eastern Pacific Ocean. [5]<\/p>\n\n

Alongside the threat of the first-ever commercial mining application, deep sea mining contractors have sent a joint letter to the ISA Council<\/a> complaining they have spent US$2 billion, yet governments have not finalised the Mining Code. Indigenous representatives attending the ISA challenged the letter.<\/a><\/p>\n\n

Louisa Casson added: “Deep sea mining companies seem to be confused about the role of the ISA. Governments are not gathered here to protect corporate interests but to co-operate on how to preserve the ocean for future generations. The only way to responsibly respond to these dangerous threats is by putting a moratorium in place.”<\/p>\n\n

Greenpeace Aotearoa seabed mining campaigner Juressa Lee says: “Wannabe miners like Trans-Tasman Resources<\/a> also want to plunder the ocean here in Aotearoa, encouraged by the Luxon government\u2019s reckless fast-track process<\/a>. The threat of seabed mining in Aotearoa is imminent and seabed miners around the world are watching closely what happens here. If TTR is given the go-ahead, it will encourage wannabe miners like TMC to push their application to start deep sea mining in the Pacific.”<\/p>\n\n

Thirty-two governments have voiced opposition to the start of deep sea mining, calling for a moratorium at the International Seabed Authority in 2025.<\/p>\n\t\t\t\n\t\t\t<\/a>\n\t\t\t\t\t\t\t\n \t\t\t

\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\tPETITION: Stop deep sea mining\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t

It\u2019s time for New Zealand to take a stand. Join our call on the New Zealand government to back a global moratorium on seabed mining.\n<\/p>\n\t\t\t\t \n Take Action\n <\/a>\n \t\t\t<\/div>\n\t\t\t\t\t<\/section>\n\t\n

Notes<\/strong><\/p>\n\n

[1] Leticia Carvalho\u2019s inaugural statement:<\/a> “We will embark on a new era defined by collaboration, equity, inclusiveness, transparency, accountability, effectiveness and sustainability-values that will guide our collective efforts to ensure ISA remains a trusted steward of the ocean […] Together, we must ensure that the ISA embodies the spirit of multilateral cooperation, serving as a model for transparent, inclusive and science-driven governance.”<\/p>\n\n

[2] https:\/\/www.isa.org.jm\/wp-content\/uploads\/2025\/02\/IPW-Council-30th-1st-part-v20250128-FINAL.pdf<\/a><\/p>\n\n

[3] https:\/\/phys.org\/news\/2022-08-two-year-countdown-deep-seabed.html<\/a><\/p>\n\n

[4] Market share for lithium iron phosphate (LFP) batteries rising to 40% of EV sales and 80% of new battery storage in 2023<\/a><\/p>\n\n

[5] The company\u2019s financial filings show that the company\u2019s subsidiary DeepGreen Engineering Pte Ltd has ended its services agreement with Kiribati-sponsored Marawa, which gave TMC exclusive exploration rights to an area covering 74,990 square kilometres in the Clarion Clipperton Zone, the area of international seabed targeted for deep sea mining. https:\/\/www.sec.gov\/Archives\/edgar\/data\/1798562\/000110465924119467\/tmc-20240930x10q.htm<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The International Seabed Authority meeting is an opportunity to reset the ISA’s focus away from prioritising deep sea mining industry interests and towards its mandate of protecting the seabed for all.<\/p>\n","protected":false},"author":72,"featured_media":69098,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_planet4_optimize_post_is_variant":false,"_planet4_optimize_experiment_name":"","_planet4_optimize_variant_name":"","ep_exclude_from_search":false,"p4_og_title":"","p4_og_description":"","p4_og_image":"","p4_og_image_id":"","p4_seo_canonical_url":"","p4_campaign_name":"","p4_local_project":"","p4_basket_name":"","p4_department":"","footnotes":""},"categories":[10],"tags":[109],"p4-page-type":[7],"class_list":["post-69092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-greenpeace","tag-seabed-mining","p4-page-type-press-release"],"yoast_head":"\nThe deep sea mining industry is 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The whakapapa of my wh\u0101nau is a journey through Te Moana Nui a Kiwa. From the Whangape Harbour to Rawhiti via Ngawha, down to Tauranga Moana, over to Tupapa and Ngatangiia in Rarotonga, and north again to Tahiti. My tamariki, through their p\u0101p\u0101, also whakapapa to Toi village in Niue. I was raised by a frugal mother who was always mindful of her impact on the planet, and navigated it accordingly. My dad has always enjoyed nature and instilled in us that there were responsibilities we had to be able to keep enjoying it. This was my very first influence. When I became an adult and then a mother myself, decolonising my life became a priority to raise my tamariki with an unapologetic, Indigenous worldview. Along the way and without realising, my whakaaro around kaitiakitanga began to shift, or rather, return. I felt more responsible, but also more empowered. I connect the dots between 160+ years of colonisation, extractivism, social and environmental harms and injustices and a worldview that sees the environment as separate to people. That people are somehow entitled to take, own, throw away, destroy and degrade. We are witnessing the impacts from living in a system rooted in colonialism and racism and extractive industries are devastating the planet and furthering the climate crisis. Now, wannabe miners are eyeing up the seabed in the South Taranaki Bight, and also seeking to plunder the deep seas. This problem is colossal, but so is our fight to protect te taiao. There are solutions to these issues. We must stop seabed mining before it starts.","url":"https:\/\/www.greenpeace.org\/aotearoa\/author\/juressa\/"}]}},"_links":{"self":[{"href":"https:\/\/www.greenpeace.org\/aotearoa\/wp-json\/wp\/v2\/posts\/69092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.greenpeace.org\/aotearoa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.greenpeace.org\/aotearoa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.greenpeace.org\/aotearoa\/wp-json\/wp\/v2\/users\/72"}],"replies":[{"embeddable":true,"href":"https:\/\/www.greenpeace.org\/aotearoa\/wp-json\/wp\/v2\/comments?post=69092"}],"version-history":[{"count":4,"href":"https:\/\/www.greenpeace.org\/aotearoa\/wp-json\/wp\/v2\/posts\/69092\/revisions"}],"predecessor-version":[{"id":69105,"href":"https:\/\/www.greenpeace.org\/aotearoa\/wp-json\/wp\/v2\/posts\/69092\/revisions\/69105"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.greenpeace.org\/aotearoa\/wp-json\/wp\/v2\/media\/69098"}],"wp:attachment":[{"href":"https:\/\/www.greenpeace.org\/aotearoa\/wp-json\/wp\/v2\/media?parent=69092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.greenpeace.org\/aotearoa\/wp-json\/wp\/v2\/categories?post=69092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.greenpeace.org\/aotearoa\/wp-json\/wp\/v2\/tags?post=69092"},{"taxonomy":"p4-page-type","embeddable":true,"href":"https:\/\/www.greenpeace.org\/aotearoa\/wp-json\/wp\/v2\/p4-page-type?post=69092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}