The Prague Post - Norway postpones deep-sea mining activities for four years

EUR -
AED 4.265142
AFN 73.7474
ALL 94.825822
AMD 427.629306
ANG 2.079324
AOA 1065.557779
ARS 1668.614586
AUD 1.645073
AWG 2.09047
AZN 1.977295
BAM 1.957118
BBD 2.340276
BDT 142.637302
BGN 1.963742
BHD 0.437959
BIF 3473.66439
BMD 1.161372
BND 1.488603
BOB 8.058428
BRL 5.909409
BSD 1.161983
BTN 109.81997
BWP 15.569487
BYN 3.216967
BYR 22762.896035
BZD 2.336974
CAD 1.625828
CDF 2694.383627
CHF 0.919339
CLF 0.026137
CLP 1028.697358
CNY 7.847915
CNH 7.847421
COP 3988.918801
CRC 529.256483
CUC 1.161372
CUP 30.776365
CVE 110.736504
CZK 24.147479
DJF 206.399115
DKK 7.474772
DOP 68.060081
DZD 154.322586
EGP 58.358025
ERN 17.420584
ETB 183.932293
FJD 2.59416
FKP 0.865076
GBP 0.865158
GEL 3.071852
GGP 0.865076
GHS 13.121687
GIP 0.865076
GMD 84.780141
GNF 10193.944601
GTQ 8.857042
GYD 243.063716
HKD 9.097383
HNL 31.011221
HRK 7.534744
HTG 151.752213
HUF 349.335541
IDR 20597.517481
ILS 3.390025
IMP 0.865076
INR 109.674158
IQD 1521.397643
IRR 1596886.839259
ISK 144.40533
JEP 0.865076
JMD 183.773782
JOD 0.823454
JPY 186.187742
KES 150.509241
KGS 101.561907
KHR 4660.009706
KMF 493.582785
KPW 1045.235429
KRW 1755.901781
KWD 0.357923
KYD 0.968352
KZT 566.656795
LAK 25585.030902
LBP 104000.884285
LKR 389.27555
LRD 211.543873
LSL 18.81368
LTL 3.42923
LVL 0.702503
LYD 7.403777
MAD 10.736917
MDL 20.276657
MGA 4877.76365
MKD 61.653348
MMK 2438.186534
MNT 4153.722136
MOP 9.375115
MRU 46.548091
MUR 54.735926
MVR 17.954508
MWK 2016.141924
MXN 19.979201
MYR 4.721905
MZN 74.208509
NAD 18.80873
NGN 1577.503424
NIO 42.518111
NOK 10.996395
NPR 175.710838
NZD 1.995226
OMR 0.446549
PAB 1.161983
PEN 3.963195
PGK 5.095811
PHP 70.09115
PKR 323.21364
PLN 4.237731
PYG 7090.776019
QAR 4.227982
RON 5.23256
RSD 117.38107
RUB 84.200238
RWF 1728.121903
SAR 4.357346
SBD 9.362314
SCR 16.392443
SDG 697.418767
SEK 10.864399
SGD 1.488636
SHP 0.867082
SLE 28.744096
SLL 24353.399583
SOS 663.722162
SRD 43.356369
STD 24038.060706
STN 24.853366
SVC 10.166936
SYP 128.368911
SZL 18.811087
THB 37.782346
TJS 10.771455
TMT 4.076417
TND 3.381626
TOP 2.796306
TRY 53.789339
TTD 7.893317
TWD 36.648281
TZS 3051.509058
UAH 52.0398
UGX 4298.895537
USD 1.161372
UYU 46.912002
UZS 13942.273293
VES 692.220136
VND 30567.317533
VUV 138.048782
WST 3.183573
XAF 656.39912
XAG 0.016508
XAU 0.000268
XCD 3.138666
XCG 2.094193
XDR 0.817255
XOF 656.175448
XPF 119.331742
YER 277.132485
ZAR 18.798205
ZMK 10453.740845
ZMW 20.537833
ZWL 373.96139
  • CMSD

    -0.0600

    22.26

    -0.27%

  • RBGPF

    0.0000

    62.87

    0%

  • CMSC

    0.0250

    22.365

    +0.11%

  • RIO

    -0.1500

    105.74

    -0.14%

  • BTI

    0.3200

    61.38

    +0.52%

  • BP

    -0.4400

    41.15

    -1.07%

  • NGG

    0.7100

    82.28

    +0.86%

  • GSK

    -0.0100

    52.22

    -0.02%

  • BCE

    -0.2200

    23.82

    -0.92%

  • AZN

    1.4400

    178.71

    +0.81%

  • RYCEF

    0.4800

    18.59

    +2.58%

  • RELX

    -0.0400

    32.8

    -0.12%

  • VOD

    -0.1100

    14.89

    -0.74%

  • JRI

    0.0300

    12.81

    +0.23%

  • BCC

    -0.0300

    71.56

    -0.04%

Norway postpones deep-sea mining activities for four years
Norway postpones deep-sea mining activities for four years / Photo: OLIVIER MORIN - 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.

P.Svatek--TPP