The China Mail - Norway postpones deep-sea mining activities for four years

USD -
AED 3.672502
AFN 66.000197
ALL 80.697151
AMD 366.140164
AOA 918.000215
ARS 1496.239599
AUD 1.41677
AWG 1.8025
AZN 1.698216
BAM 1.693949
BBD 2.013026
BDT 123.715983
BHD 0.377097
BIF 2992.5
BMD 1
BND 1.281592
BOB 12.13835
BRL 5.139397
BSD 0.999498
BTN 95.018556
BWP 13.553788
BYN 2.956053
BYR 19600
BZD 2.010125
CAD 1.400885
CDF 2260.999695
CHF 0.806745
CLF 0.023148
CLP 914.019672
CNY 6.749884
CNH 6.747135
COP 3182.69
CRC 453.238407
CUC 1
CUP 26.5
CVE 95.720523
CZK 20.93075
DJF 177.719659
DKK 6.46924
DOP 58.250135
DZD 132.812703
EGP 49.803198
ERN 15
ETB 159.950237
EUR 0.865398
FJD 2.210021
FKP 0.743223
GBP 0.742525
GEL 2.614953
GGP 0.743223
GHS 11.724975
GIP 0.743223
GMD 73.497329
GNF 8782.501597
GTQ 7.623551
GYD 209.07221
HKD 7.843535
HNL 26.859789
HRK 6.5197
HTG 130.679554
HUF 313.14602
IDR 17879
ILS 3.00375
IMP 0.743223
INR 95.07895
IQD 1310.5
IRR 1374799.999856
ISK 122.720325
JEP 0.743223
JMD 158.828319
JOD 0.708998
JPY 157.685498
KES 129.370087
KGS 87.450024
KHR 4052.501203
KMF 426.999813
KRW 1423.390058
KWD 0.30922
KYD 0.83294
KZT 469.017006
LAK 22605.000185
LBP 89550.000368
LKR 335.394689
LRD 181.249812
LSL 16.310315
LTL 2.95274
LVL 0.60489
LYD 6.364992
MAD 9.31375
MDL 17.365547
MGA 4302.500677
MKD 53.244888
MMK 2099.302342
MNT 3598.197717
MOP 8.074676
MRU 40.080055
MUR 46.980119
MVR 15.449507
MWK 1737.000536
MXN 17.239496
MYR 4.089029
MZN 63.910031
NAD 16.320038
NGN 1362.460168
NIO 36.783939
NOK 9.52875
NPR 152.030834
NZD 1.698985
OMR 0.384494
PAB 0.999476
PEN 3.384992
PGK 4.423504
PHP 60.697951
PKR 277.803533
PLN 3.72235
PYG 5960.609053
QAR 3.64575
RON 4.540197
RSD 101.552373
RUB 80.972528
RWF 1466
SAR 3.752529
SBD 8.068348
SCR 14.514963
SDG 600.498985
SEK 9.48415
SGD 1.28085
SLE 24.597463
SOS 600.505497
SRD 37.668003
STD 20697.981008
STN 21.5
SVC 8.745171
SZL 16.310048
THB 33.069773
TJS 9.224886
TMT 3.5
TND 2.914014
TRY 47.591298
TTD 6.779955
TWD 32.279898
TZS 2649.997991
UAH 44.726481
UGX 3727.762476
UYU 40.187774
UZS 11934.9999
VES 754.21125
VND 26251
VUV 119.564009
WST 2.736752
XAF 568.132273
XAG 0.016073
XAU 0.000234
XCD 2.70255
XCG 1.801269
XDR 0.707453
XOF 568.501607
XPF 103.799797
YER 236.875012
ZAR 16.31165
ZMK 9001.203608
ZMW 19.079252
ZWL 321.999592
  • RBGPF

    -1.2500

    69.74

    -1.79%

  • CMSC

    -0.0600

    21.73

    -0.28%

  • AZN

    5.8800

    161.5

    +3.64%

  • GSK

    -0.0700

    51.46

    -0.14%

  • BTI

    0.1500

    59.27

    +0.25%

  • CMSD

    0.0200

    22.04

    +0.09%

  • BCE

    0.0600

    22.06

    +0.27%

  • RIO

    2.5000

    101.51

    +2.46%

  • NGG

    -0.1600

    80.26

    -0.2%

  • RYCEF

    0.6500

    21

    +3.1%

  • RELX

    -0.1900

    36.61

    -0.52%

  • JRI

    -0.0500

    12.67

    -0.39%

  • BCC

    -1.6900

    84.8

    -1.99%

  • VOD

    -0.3800

    15.31

    -2.48%

  • BP

    -1.2300

    41.21

    -2.98%

Norway postpones deep-sea mining activities for four years
Norway postpones deep-sea mining activities for four years / Photo: © AFP/File

Norway postpones deep-sea mining activities for four years

Norway on Wednesday postponed the first licences to permit deep-sea mining in its Arctic waters for four years, a delay environmentalists hope signals the "nail in the coffin" of the plans.

Text size:

The country was the first in Europe aiming to commence the practice in its waters, but following thorny negotiations, Norway's minority Labour government clinched a deal with small political allies that secures a majority for its 2026 budget in exchange for the postponement.

The government agreed "not to launch the first tenders for deep-sea mining during the current legislative term", which ends in 2029, according to a deal that received the support of two key parties in the early hours of Wednesday.

"This must be the nail in the coffin for the deep sea mining industry in Norway," said Greenpeace deep sea mining campaigner Haldis Tjeldflaat Helle.

"Any government that is committed to sustainable ocean management cannot support deep-sea mining," she said in a statement.

Deep-sea mining is an emerging industry that aims to plumb previously untouched seabeds for commodities including nickel, cobalt and copper, which are used in everything from rechargeable batteries to military technology.

Groups like the World Wildlife Fund (WWF) and Greenpeace oppose the practice, saying it poses a threat to pristine ecosystems on the sea floor, while the European Parliament has called for an international moratorium.

The Norwegian government has meanwhile insisted on the need to end the world's dependence on countries like China for the minerals needed for the green transition.

According to an official 2023 assessment, Norway's seabed is believed to contain 38 million tonnes of copper and 45 million tonnes of zinc, as well as "significant" rare earth elements.

- 'Very detrimental' decision -

Norway's parliament gave the green light in 2024 for the start of deep-sea mining activities in its territorial waters.

The government had planned to start issuing exploration licences in 2025, arguing that prospecting was necessary to gain much-needed knowledge of the seabed.

But small parties that provide the government key backing in parliament to pass legislation opposed the move.

To pass the 2026 budget, which parliament is due to vote on this Friday, the Labour government once again bowed to the demands of its allies in parliament to suspend deep-sea mining activities.

Early on Wednesday, the two remaining holdout parties said they would support the budget project, which is conditioned on the deep-sea mining delay provision.

The WWF hailed the move as "a massive win for nature".

"This decision represents a significant shift in Norway's position and is a historic victory for nature, science, and public pressure," it said.

Industrial actors that had been chomping at the bit to start exploration meanwhile regretted what they said was a "very detrimental" decision.

"Actors counting on deep-sea minerals may be forced to turn to international projects while waiting for more predictable political conditions" in Norway, Egil Tjaland, secretary general of the Norwegian Forum for Marine Minerals, told AFP.

The head of the start-up Adepth Minerals, Anette Broch Mathisen Tvedt, said it was "concerning that small parties dictate Norway's future and jeopardise strategically important industries".

Other deep-sea mining projects exist elsewhere in the world.

The Cook Islands, in cooperation with China, awarded exploration licences to three companies in 2022.

And The Metals Company in Canada wants to exploit international waters in the Pacific Ocean without the approval of the International Seabed Authority (ISA), relying on a US law reinstated by President Donald Trump.

X.Gu--ThChM