LATEST NEWS

A growing number of banks, insurers, asset managers and public financial institutions are distancing themselves from deep-sea mining. A new report from the Deep Sea Mining Campaign (DSMC) and Seas At Risk finds that financial markets are increasingly treating deep-sea mining as a high-risk industry with significant environmental, regulatory, economic and reputational concerns.

The Deep Sea Mining Campaign has coordinated a joint letter signed by 46 civil society organisations from around the world, raising serious concerns about The Metals Company (TMC) and its application for a U.S. licence to mine seabed minerals in international waters.

Norway has suspended all deep sea mining licensing in the Arctic until at least 2029. The Deep Sea Mining Campaign welcomes this decision, which removes the policy certainty the industry needs and makes future mining in the region increasingly unlikely.

The Deep Sea Mining Campaign (DSMC) has today released Shifting Tides, a new briefing paper analysing The Metals Company’s (TMC) plan to mine the Pacific Ocean via the U.S. Deep Seabed Hard Minerals Resources Act (DSHMRA).

This April, a small Canadian start-up The Metals Company (TMC) caused international outrage by applying to the United States (U.S.) to mine the deep seabed.

Our table outlines the sequence of milestones publicly declared by The Metals Company (TMC) revleaing a pattern of repeated failures.
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Watch BLUE PERIL, a 16-minute visual investigation that presents a scientifically robust and disturbing picture of far-reaching impacts of deep sea mining for Pacific Island communities.
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