July 10, 2015
A group of scientists is asking international authorities to temporarily halt the approval of new underwater mining contracts until further environmental controls are put in place.
In a paper published Friday in Science, the experts ask the International Seabed Authority (ISA), which is the arm of the United Nations Convention on the Law of the Sea that governs mining in international waters, to first come up with environmental regulations on the emerging industry.
Miners have been eyeing vast copper, gold and rare earths deposits on the seafloor. But, until now, only Canadian Nautilus Minerals (TSX:NUS) has made enough progress as to forecast it may start digging up copper and precious metals from its Solwara 1 project around Solomon Islands, east of Papua New Guinea, by 2017.
Environmentalists have attacked this and other projects. They argue that mining should be prohibited in specific areas of the ocean floor throughout the world, as the activity could not only upset parts of the world that are essential to
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