The Prague Post - New Zealand rethinks opposition to deep-sea mining

EUR -
AED 4.301814
AFN 77.708293
ALL 96.176014
AMD 446.924892
ANG 2.097203
AOA 1074.135394
ARS 1698.74032
AUD 1.770078
AWG 2.108444
AZN 1.991912
BAM 1.950236
BBD 2.36247
BDT 143.341038
BGN 1.955079
BHD 0.441654
BIF 3477.877376
BMD 1.171358
BND 1.512285
BOB 8.104876
BRL 6.444114
BSD 1.172958
BTN 106.59388
BWP 15.491801
BYN 3.437408
BYR 22958.617481
BZD 2.359079
CAD 1.615232
CDF 2635.555553
CHF 0.933339
CLF 0.027334
CLP 1072.249192
CNY 8.248644
CNH 8.245095
COP 4499.162784
CRC 585.330013
CUC 1.171358
CUP 31.040988
CVE 109.951301
CZK 24.352124
DJF 208.874957
DKK 7.471771
DOP 75.364979
DZD 151.627638
EGP 55.766478
ERN 17.570371
ETB 182.088389
FJD 2.670112
FKP 0.872551
GBP 0.87877
GEL 3.15685
GGP 0.872551
GHS 13.489513
GIP 0.872551
GMD 86.100851
GNF 10199.898985
GTQ 8.982373
GYD 245.399857
HKD 9.112316
HNL 30.903829
HRK 7.536638
HTG 153.611735
HUF 387.432543
IDR 19557.696563
ILS 3.773032
IMP 0.872551
INR 105.882157
IQD 1536.622469
IRR 49340.51376
ISK 148.001104
JEP 0.872551
JMD 188.262873
JOD 0.830488
JPY 182.223503
KES 151.004694
KGS 102.43541
KHR 4696.600275
KMF 491.969805
KPW 1054.235599
KRW 1732.367947
KWD 0.359502
KYD 0.977515
KZT 604.617565
LAK 25412.604561
LBP 105039.563247
LKR 363.105585
LRD 207.617653
LSL 19.697785
LTL 3.458716
LVL 0.708543
LYD 6.354896
MAD 10.733975
MDL 19.752728
MGA 5298.881924
MKD 61.532571
MMK 2460.108883
MNT 4156.475757
MOP 9.398924
MRU 46.520274
MUR 53.941062
MVR 18.050801
MWK 2033.897151
MXN 21.056371
MYR 4.7891
MZN 74.861814
NAD 19.697785
NGN 1705.356781
NIO 43.166842
NOK 11.969757
NPR 170.550408
NZD 2.028622
OMR 0.450384
PAB 1.172953
PEN 3.951227
PGK 4.986772
PHP 68.718886
PKR 328.725128
PLN 4.214535
PYG 7878.555568
QAR 4.276698
RON 5.092357
RSD 117.397841
RUB 94.202038
RWF 1707.82745
SAR 4.39328
SBD 9.562266
SCR 15.804605
SDG 704.56838
SEK 10.937063
SGD 1.513547
SHP 0.878822
SLE 27.872113
SLL 24562.796602
SOS 670.387339
SRD 45.305812
STD 24244.746356
STN 24.430299
SVC 10.263761
SYP 12951.888916
SZL 19.680933
THB 36.933012
TJS 10.779545
TMT 4.111467
TND 3.425327
TOP 2.820349
TRY 50.041619
TTD 7.957331
TWD 36.794115
TZS 2900.810779
UAH 49.466868
UGX 4176.08534
USD 1.171358
UYU 45.889075
UZS 14222.422448
VES 320.06667
VND 30847.713845
VUV 142.118205
WST 3.269295
XAF 654.090834
XAG 0.017758
XAU 0.000271
XCD 3.165653
XCG 2.113978
XDR 0.813479
XOF 654.093618
XPF 119.331742
YER 279.193074
ZAR 19.608123
ZMK 10543.631377
ZMW 26.949227
ZWL 377.176809
  • SCS

    0.0200

    16.14

    +0.12%

  • CMSC

    0.0400

    23.34

    +0.17%

  • BCC

    0.5100

    75.84

    +0.67%

  • BTI

    -0.4500

    57.29

    -0.79%

  • CMSD

    0.0150

    23.38

    +0.06%

  • RIO

    0.1700

    75.99

    +0.22%

  • BP

    -1.4900

    33.76

    -4.41%

  • NGG

    -0.2600

    75.77

    -0.34%

  • GSK

    -0.4600

    48.78

    -0.94%

  • AZN

    -0.2100

    91.35

    -0.23%

  • BCE

    -0.2800

    23.33

    -1.2%

  • RBGPF

    0.4100

    82.01

    +0.5%

  • JRI

    -0.0500

    13.51

    -0.37%

  • RYCEF

    -0.3100

    14.64

    -2.12%

  • VOD

    0.0000

    12.7

    0%

  • RELX

    -0.2600

    40.82

    -0.64%

New Zealand rethinks opposition to deep-sea mining
New Zealand rethinks opposition to deep-sea mining / Photo: Handout - National Oceanography Centre / Smartex project (NERC)/AFP/File

New Zealand rethinks opposition to deep-sea mining

New Zealand is considering withdrawing its support for an international ban on deep-sea mining, the country's resources minister told AFP on Tuesday.

Text size:

Resources Minister Shane Jones said opposition to the fledgling industry was rooted in "shrill" environmental alarmism and "luxury beliefs" that ignored the need for economic growth.

New Zealand backed a ban on deep-sea mining under former progressive prime minister Jacinda Ardern in 2022, citing the risk of "irreversible" damage in poorly understood ecosystems.

However Jones, a senior minister in the governing centre-right coalition, said officials were rethinking that stance.

"We're talking about this with our foreign affairs minister," he told AFP in an interview.

"We can't deny ourselves the option where critical minerals have an increasingly critical role to play.

"We can't afford these luxury beliefs that have been imposed upon us."

Companies stand to earn billions of dollars by scraping the ocean floor for polymetallic nodules that are loaded with manganese, cobalt, copper and nickel -- metals used to build batteries for electric vehicles.

But the industry faces sharp criticism from scientists and environmental advocates, who fear new techniques could wreak havoc in poorly understood ecosystems.

"I personally think that seabed mining has become the last green trophy, so people are tossing around the most absurd, untested theories," Jones said.

"And I'm not going to back down from these shrill voices."

- Theatre and posturing -

Jones was unruffled by suggestions a pro-mining stance could weaken support among New Zealand's climate-threatened Pacific Island neighbours.

"I understand there's a lot of theatre and posturing that happens when small island nations go to international fora," he said.

"We've imposed upon ourselves an ideological corset, which we can no longer afford to wear."

Deep-sea mining is one of the few issues on which Pacific Island nations are divided.

Nauru and Tonga are pushing for deep-sea mining in international waters, while Palau, Samoa and Fiji are staunchly opposed.

Canada-based The Metals Company has been working with the Nauru government in the hope of starting mining by 2026.

Harvard-educated Jones recently unveiled a pro-mining agenda differing wildly from the environmentally friendly policies of Ardern's former government.

Under Jones, the isolated island nation will look to dig up everything from critical minerals to coal and iron-rich sands at the bottom of the sea.

New Zealand's desire to scoop up this sand differs from deep-sea mining, which targets polymetallic lumps nestled in much deeper waters.

- 'Tiny pimple' -

"We think that the seabed is a legitimate part of our broader primary sector economy," Jones said.

"It would seem odd that we were mining minerals in our own oceanic environment but we are telling others not to do it."

New Zealand has long traded on a "clean green" image that highlights its rolling pastures, untouched rainforests and pristine waterways.

Ardern was lauded during her term as a climate hero when she banned offshore gas exploration in 2018.

However the current government has already moved to unwind that ban, with Jones occasionally voicing the "drill, baby, drill" mantra favoured by US President Donald Trump.

"The pendulum swung too far driven by woke climate catastrophisation where mining became demonised," Jones said.

"Climate change will require us to adapt but New Zealand is such a tiny pimple in relation to the world's emissions, we are arguably irrelevant."

S.Danek--TPP