22.1 C
Belgrade
Supported byspot_img
spot_img

Norway approves seabed mining exploration

Member of Europium Groupspot_img
Supported byspot_img

Norwegian Parliament’s Tuesday vote for seabed mining in the Norwegian Sea has raised environmental concerns among many in the capital Oslo.

The decision allows prospectors to survey seabed deposits between Norway and Greenland, primarily above the Arctic Circle, within areas under Norway’s national jurisdiction. This decision aligns with the global surge in demand for metals crucial in manufacturing electric vehicle batteries.

Initially, the exploration will focus on gathering data about the quantity of metals in the seabed and potential impacts on aquatic life. Any subsequent industrial-scale seabed mining would necessitate parliamentary approval.

Supported by

Norway joins a list of nations, including Japan, New Zealand, Namibia, and the Cook Islands, considering or advancing seabed mining. Simultaneously, the International Seabed Authority, a UN-affiliated agency, is drafting regulations that could permit seabed mining in international waters.

With a history of deriving wealth from the sea, initially through fishing and later offshore oil drilling, Norway aims to diversify its economy amid declining revenues from the oil industry. The Norwegian Ministry of Energy sees seabed mining as a potential new and vital marine industry.

However, critics, including marine biologists and groups like the World Wildlife Foundation, express concerns about potential risks to the seafloor ecosystem due to insufficient knowledge.

 

Source: Mugglehead

Supported byElevatePR Digital

Related News

Africa’s crucial role in shaping the future of deep-sea mining and ocean conservation

As negotiations to establish rules for commercial deep-sea mining in international waters resume this week at the International Seabed Authority (ISA), African countries find...

Addressing water stewardship challenges in Africa’s growing mining sector

As mining activities expand across Africa, the focus on water stewardship becomes increasingly crucial. While many countries benefit from the growth in the mining...

ACG Acquisition Co Ltd completes reverse takeover of Gediktepe Mine, establishing ACG Metals

ACG Acquisition Co Ltd, a special purpose acquisition company (SPAC) focused on new economy metals mining, has announced a significant reverse takeover deal with...

Pan Global Resources unveils promising drill results from Cañada Honda copper-gold project

Pan Global Resources Inc. has announced new results from three additional drill holes in its ongoing exploration program at the Cañada Honda copper-gold (Cu-Au)...
Supported by
Supported by
Supported by
error: Content is protected !!