The Prague Post - Leaders warn race for minerals could turn seabed into 'wild west'

EUR -
AED 4.186334
AFN 72.373386
ALL 91.819032
AMD 414.329313
ANG 2.040604
AOA 1046.308965
ARS 1736.438573
AUD 1.622565
AWG 2.052441
AZN 1.935038
BAM 1.954094
BBD 2.293688
BDT 140.13319
BGN 1.918735
BHD 0.429293
BIF 3430.040844
BMD 1.13977
BND 1.454987
BOB 13.956366
BRL 5.933183
BSD 1.138751
BTN 109.052098
BWP 15.506326
BYN 3.440732
BYR 22339.490623
BZD 2.290391
CAD 1.611464
CDF 2632.86865
CHF 0.944412
CLF 0.027869
CLP 1100.584154
CNY 7.649395
CNH 7.664498
COP 3771.430311
CRC 517.768407
CUC 1.13977
CUP 27.33014
CVE 110.173164
CZK 24.374949
DJF 202.790961
DKK 7.475814
DOP 67.723548
DZD 152.4335
EGP 59.007482
ERN 17.096549
ETB 184.742006
FJD 2.561348
FKP 0.862524
GBP 0.86109
GEL 2.980539
GGP 0.862524
GHS 13.226974
GIP 0.862524
GMD 83.771254
GNF 10015.651322
GTQ 8.696751
GYD 238.271386
HKD 8.940413
HNL 30.565522
HRK 7.532852
HTG 149.035769
HUF 365.880943
IDR 20451.347758
ILS 3.474087
IMP 0.862524
INR 109.244041
IQD 1491.856443
IRR 1566699.250831
ISK 137.194093
JEP 0.862524
JMD 180.16271
JOD 0.80806
JPY 179.359321
KES 147.634133
KGS 99.670824
KHR 4631.139653
KMF 493.520612
KPW 1025.793299
KRW 1547.043722
KWD 0.351778
KYD 0.948963
KZT 504.43199
LAK 25543.707706
LBP 101979.593567
LKR 375.995038
LRD 195.876724
LSL 18.579912
LTL 3.365444
LVL 0.689436
LYD 7.280644
MAD 10.928191
MDL 20.213176
MGA 5027.809004
MKD 61.521701
MMK 2392.945475
MNT 4101.841018
MOP 9.200287
MRU 45.812406
MUR 54.173732
MVR 17.610039
MWK 1974.654001
MXN 20.209238
MYR 4.643648
MZN 72.842889
NAD 18.579912
NGN 1511.072482
NIO 41.905069
NOK 10.826384
NPR 174.483557
NZD 2.014139
OMR 0.438243
PAB 1.138751
PEN 3.865977
PGK 5.073771
PHP 71.188322
PKR 315.551978
PLN 4.378101
PYG 6712.404787
QAR 4.15104
RON 5.274175
RSD 117.47723
RUB 95.91289
RWF 1683.015885
SAR 4.273917
SBD 9.118743
SCR 15.721688
SDG 685.570211
SEK 11.304968
SGD 1.456283
SHP 0.860528
SLE 28.095283
SLL 23900.396288
SOS 650.857469
SRD 42.932281
STD 23590.93636
STN 24.479595
SVC 9.964694
SYP 14819.288917
SZL 18.575516
THB 38.08598
TJS 10.505443
TMT 4.000592
TND 3.371157
TOP 2.744292
TRY 55.806899
TTD 7.745544
TWD 36.20588
TZS 3014.689163
UAH 50.994393
UGX 4460.282073
USD 1.13977
UYU 45.620571
UZS 13477.351914
VES 971.575734
VND 29606.663696
VUV 135.070044
WST 3.152014
XAF 655.957
XAG 0.017731
XAU 0.000266374203
XCD 3.080285
XCG 2.052155
XDR 0.805876
XOF 655.957
XPF 119.331742
YER 269.726859
ZAR 18.618062
ZMK 10259.293596
ZMW 22.214483
ZWL 367.005452
SSP 6511.040469
MXV 2.290148
  • RBGPF

    -1.0100

    65.99

    -1.53%

  • CMSC

    0.0300

    20.54

    +0.15%

  • AZN

    1.5800

    166.14

    +0.95%

  • GSK

    -0.5640

    49.086

    -1.15%

  • BTI

    -0.5750

    55.445

    -1.04%

  • RIO

    0.1400

    94.61

    +0.15%

  • NGG

    -0.0400

    75.19

    -0.05%

  • RELX

    0.1100

    33.62

    +0.33%

  • RYCEF

    0.0000

    19.67

    0%

  • BCC

    1.4600

    77.56

    +1.88%

  • BCE

    -0.1750

    21.125

    -0.83%

  • JRI

    -0.1200

    11.05

    -1.09%

  • BP

    -0.3950

    44.015

    -0.9%

  • VOD

    0.1100

    16.6

    +0.66%

  • CMSD

    -0.0150

    20.355

    -0.07%

Leaders warn race for minerals could turn seabed into 'wild west'
Leaders warn race for minerals could turn seabed into 'wild west' / Photo: Valery HACHE - AFP

Leaders warn race for minerals could turn seabed into 'wild west'

World leaders on Monday called for global rules to govern the seabed and warned against racing to exploit the ocean floor in a thinly-veiled rebuke of US President Donald Trump.

Text size:

Growing anxiety over Trump's unilateral push to fast-track deep-sea mining in international waters shot to the surface at the opening of the UN Ocean Conference in France.

"I think it's madness to launch predatory economic action that will disrupt the deep seabed, disrupt biodiversity, destroy it and release irrecoverable carbon sinks -- when we know nothing about it," said French President Emmanuel Macron.

Imposing a moratorium on seabed mining was "an international necessity", said Macron.

The number of countries opposed to seabed mining rose to 36 on Monday, according to a tally kept by the Deep Sea Conservation Coalition, an umbrella group of non-governmental organisations.

Trump was not among the roughly 60 heads of state and government in Nice but his spectre loomed large as leaders defended the global multilateralism he has spurned.

Of particular concern, his move to sidestep the International Seabed Authority (ISA) and issue permits directly to companies wanting to extract nickel and other metals from waters beyond US jurisdiction.

Brazilian President Luiz Inacio Lula da Silva called for "clear action" from the seabed authority to end a "predatory race" to exploit the ocean floor.

"We now see the threat of unilateralism looming over the ocean. We cannot allow what happened to international trade to happen to the sea," he said.

The deep sea, Greenland and Antarctica were "not for sale", Macron said in further remarks directed clearly at Trump's expansionist claims.

The ISA, which has jurisdiction over the ocean floor outside national waters, is meeting in July to discuss a global mining code to regulate mining in the ocean depths.

UN Secretary-General Antonio Guterres said he supported these negotiations and urged caution as countries navigate these "new waters on seabed mining".

"The deep sea cannot become the wild west," he said, to applause from the plenary floor.

- 'Wave of hope' -

Island nations also spoke out against seabed mining, which scientists warn could result in untold damage to ecosystems largely unexplored by humanity.

"Here in Nice, we can feel that the looming threat of deep sea mining, and the recent reckless behaviour of the industry is seen by many states as unacceptable," said Megan Randles from Greenpeace.

Macron said a global pact to protect marine life in international waters beyond national jurisdictions had received enough support to become law and was "a done deal".

The high seas treaty struck in 2023 requires ratifications from 60 signatory countries to enter into force, something France hoped to achieve before Nice.

Macron said the treaty "would be implemented" after roughly 50 nations ratified and 15 others formally committed to joining them. His office said this would happen by the end of the year, but did not name the countries.

"Today's surge of ratifications for the High Seas Treaty is a tidal wave of hope and a huge cause for celebration," Rebecca Hubbard, director of the High Seas Alliance, told AFP.

- 'Prove you're serious' -

On Monday, the United Kingdom announced plans to extend a partial ban on bottom trawling in some of its protected marine areas.

Macron said on Saturday that France would also restrict the destructive fishing method in some of its marine protected areas but was criticised for not going far enough.

Greece and French Polynesia announced Monday the creation of new protected marine parks, following similar action from Samoa this week.

Just eight percent of global oceans are designated for marine conservation, despite a globally agreed target to achieve 30 percent coverage by 2030.

But even fewer are considered truly protected, as some countries impose next to no rules on what is forbidden in marine zones or lack the finance to enforce any regulations.

The summit will not produce a legally binding agreement at its close, but wealthy nations faced calls to cough up the missing finance to make ocean protection a reality.

Small island states turned out in numbers to demand money and political support to combat rising seas, marine trash and the plunder of fish stocks that hurt their economies.

"We say to you, if you are serious about protecting the ocean, prove it," said President Surangel Whipps Jr of Palau, a low-lying Pacific nation.

np-aag-fcc-fff/phz

E.Soukup--TPP