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Lying at a depth of between and m, a treasure trove of sought-after elements is waiting to be brought to the sea surface. Manganese is essential for steel production and is the fourth most used metal in the world today. There are vast deposits on the seafloor, in the so-called Clarion-Clipperton Zone between Mexico and Hawaii in the Pacific. The oil and gas industry has already pioneered working at depth. Nautilus plans to deploy three machines, operated by remote control. Operators sitting on a ship stationed above the deposit will control mine-bots on the seafloor: an initial cutter for clearance; a bulk cutter to do most of the work; and a machine to collect and transport the material to a pumping station.

The material will be then pumped up in slurry form to the ship, where it will be de-watered and set to shore for processing. For nodules, robots will roam the seabed. Eight countries have applied to the International Seabed Authority for permission to explore areas the size of Scotland in the Pacific for manganese nodules. Meanwhile, Heydon is looking to massive sulfides in the southwest Pacific and is working with the tiny Pacific island of Nauru, which has claimed an area of seafloor the size of Scotland. So far, the Seabed Authority has granted titles for two types of deposits — seafloor massive sulfides and the manganese nodules — but other possibilities are opening up.

Heydon set up Deep Green Resources in anticipation, and he is looking to build a processing plant, which he claims will be environmentally benign. He points to nickel for comparison. Remaining land deposits of nickel lie beneath equatorial rain forests, he warns, and mining nickel laterite deposits produces an enormous amount of waste. In our process, we have zero waste.

The deposits are 1. Heydon claims his firm has spent the past 12 months investigating and developing new chemical processes that recover the manganese, as well as the copper, nickel and cobalt — minerals that will be in demand from the new green economy. Meanwhile, the demand for minerals and metals continues to grow unabated, with projected shortages expected to disrupt entire supply chains and national economies, according to a PricewaterhouseCoopers PwC report published in late Minerals and metals scarcity in manufacturing: The ticking time bomb.

Resource scarcity, particularly metal and mineral scarcity, has gone up the agenda of executives around the world, says Malcolm Preston, global head of sustainability services at PwC. The survey showed that renewable energy, automotive, and energy and utilities, are currently experiencing instability of supply, with aerospace, high tech and infrastructure expected to see a steep rise in instability of supply from now to The percentage of companies that expect to be affected by this scarcity will triple in the chemicals industry, and double in the renewable energy and high-tech sectors, the report says.

So could the answer to these worries, at least for some of the resources, lie on the seabed? Preston, who trained in oceanography before joining PwC, expresses concern about the environmental issues attached to any deep sea mining. These nodules grow over millions of years, so they cannot be harvested in a sustainable way, and there are many unknowns when it comes to life in the deep, he says. Is that your business plan? But, speaking at a meeting in Lisbon in late , Jonathan Lowe, exploration manager at Nautilus, endorsed academic research by independent biologists. He said the company plans to seek large prospecting licences, but then occupy small sites for just two to three years.

In late , Japanese researchers reported finding extremely rich deposits of rare earth minerals and yttrium on the Pacific seabed. They estimated that just 1km 2 of deposits would deliver one-fifth of the total amount currently consumed globally every year. The deposits lie mostly at a depth of to m, but Kato believes the mud can be developed as a mineral resource and could be piped to the surface. The European Union listed some of these elements among 14 economically important raw materials, including rare earths, cobalt, beryllium and magnesium. A handful of countries like China rare earths , Russia platinum group metals , and the Democratic Republic of Congo cobalt are the predominant suppliers of some of the materials which has led to concerns over security of supply.

To better understand the distribution conflicts that the law of deep seabed mining addresses, the article introduces two competing sets of public interest objectives: participation in exploitation and revenue generation pursued by newly independent and, today, developing states and access to raw materials pursued by industrialized states. The article then focuses on the different ways in which the United Nations Convention on the Law of the Sea and the Agreement on the Implementation of Part XI promote, reconcile and detract from the identified public interest objectives. It reveals how the participation objective has given way to a focus on market supply and revenue generation, and how the changes of the Implementation Agreement may be read as an attempt to dissolve the conflict between these competing public interest objectives, and to depoliticize the seabed regime.

It also clarifies how the sponsorship of deep seabed mining by small Pacific island states holds only little promise of significant public revenue generation for these states, but may work to undermine solidarity among developing states. The article ends with a call on international lawyers to recognize the designing of a mining code for the deep seabed as the making of political economy. Access to content on Oxford Academic is often provided through institutional subscriptions and purchases. If you are a member of an institution with an active account, you may be able to access content in one of the following ways:.

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Article Navigation. Close mobile search navigation Article Navigation. Volume Journal Article. Isabel Feichtner Isabel Feichtner. Email: isabel. Oxford Academic. Google Scholar. Select Format Select format. Permissions Icon Permissions. Abstract This article seeks to clarify how the principle of common heritage is being implemented and concretized by the fiscal regime of deep seabed mining.

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