With the entering into force of the European Union’s (“EU”) Critical Raw Materials Act (“CRMA”), the memorandum of understanding between the EU and Serbia and the European Bank for Reconstruction and Development (“EBRD”) and...more
9/3/2024
/ Energy Tax Incentives ,
EU ,
European Commission ,
Exploitation ,
Inflation Reduction Act (IRA) ,
International Energy Agency (IEA) ,
Mineral Exploration ,
Serbia ,
Supply Chain ,
Tax Credits ,
UK
We have been following the International Seabed Authority (“ISA”) Council’s negotiations and drafting of the Exploitation Rules, Regulations and Procedures (“Exploitation RRPs”) for the deep seabed beyond national...more
Deep-sea mining activities in the seabed and ocean floor beyond national jurisdiction, including the collection of polymetallic nodules, are governed by the UN Convention of the Law of the Sea (UNCLOS) and the agreement...more
In part one of an explainer series about international deep-sea mining regulation, Louise Woods and Elena Guillet share advice for setting up sponsorship agreements between contractors and sponsoring states. The ISA has...more
7/19/2024
/ Contractors ,
Exploitation ,
International Waters ,
Investment ,
Jurisdiction ,
Mineral Exploration ,
Minerals ,
Mining ,
Sponsorship Agreements ,
Supply Chain ,
United Nations Convention on the Law of the Sea (UNCLOS)
As set out in our previous alert Pivotal Year for Deep-Sea Mining, the deep seabed is rich in mineral concretions containing cobalt, nickel, copper and manganese called polymetallic nodules. A vast number of these nodules are...more
Sixty years after the discovery of polymetallic nodules and thirty years after the establishment of the International Seabed Authority (“ISA”), deep-sea mining could be licensed as early as July 2023. The ISA is expected to...more