Canadian company seeks U.S. permission to start deep-sea mining as outcry ensues

TMC surges as Trump reportedly weighs executive order to fast-track deep-sea mining

Talampas ng Pilipinas recognition seen to boost exploration

SEN. Francis Tolentino said the Philippines' submission of the "Talampas ng Pilipinas" chart to the United Nations International Seabed Authority (ISA) will boost the country's energy exploration efforts. Formerly called the "Benham Rise," the Talampas ng Pilipinas refers to the resource-rich undersea landmass located off Aurora province in the country's eastern coast. Tolentino said the UN submission shows how the country has been building up o…

While the International Seabed Authority is preparing a mining code for ocean flooring, The Metals Company is threatening to engage in the exploitation of these fragile and unknown environments by giving US law back.

Canadian company seeks U.S. permission to start deep-sea mining as outcry ensues

The Metals Company in Vancouver, Canada said late Thursday that it is seeking permission from the U.S. government to start deep-sea mining in international waters, potentially bypassing the International Seabed Authority, which has the power to authorize exploitation permits but has yet to do so.

The Canadian mining company The Metals Company has formally initiated a process with the U.S. Department of Commerce to apply for licences and exploration permits to extract minerals from the ocean floor. The company plans to submit its application under the Deep Sea Hard Mineral Resources Act 1980 (DSHMRA) instead of the International Seabed Authority (ISA), as the latter has not yet adopted a regulation on seabed exploitation. It also added th…

A group of six Canadian investors began two-day meetings with Brazilian mining companies interested in going public in Canada on Monday (31). The visit is organized by the Toronto Stock Exchange and takes place in São Paulo. Read more (04/01/2025)