Unless you are given to chronic anxiety or suffer from nihilistic despair, you probably haven’t spent much time contemplating the bottom of the ocean. Many people imagine the seabed to be a vast expanse of sand, but it’s a jagged and dynamic landscape with as much variation as any place onshore. Mountains surge from underwater plains, canyons slice miles deep, hot springs billow through fissures in rock, and streams of heavy brine ooze down hillsides, pooling into undersea lakes.
These peaks and valleys are laced with most of the same minerals found on land. Scientists have documented their deposits since at least 1868, when a dredging ship pulled a chunk of iron ore from the seabed north of Russia. Five years later, another ship found similar nuggets at the bottom of the Atlantic, and two years after that, it discovered a field of the same objects in the Pacific. For more than a century, oceanographers continued to identify new minerals on the seafloor—copper, nickel, silver, platinum, gold, and even gemstones—while mining companies searched for a practical way to dig them up.
Today, many of the largest mineral corporations in the world have launched underwater mining programs. On the west coast of Africa, the De Beers Group is using a fleet of specialized ships to drag machinery across the seabed in search of diamonds. In 2018, those ships extracted 1.4 million carats from the coastal waters of Namibia; in 2019, De Beers commissioned a new ship that will scrape the bottom twice as quickly as any other vessel. Another company, Nautilus Minerals, is working in the territorial waters of Papua New Guinea to shatter a field of underwater hot springs lined with precious metals, while Japan and South Korea have embarked on national projects to exploit their own offshore deposits. But the biggest prize for mining companies will be access to international waters, which cover more than half of the global seafloor and contain more valuable minerals than all the continents combined.
Regulations for ocean mining have never been formally established. The United Nations has given that task to an obscure organization known as the International Seabed Authority, which is housed in a pair of drab gray office buildings at the edge of Kingston Harbour, in Jamaica. Unlike most UN bodies, the ISA receives little oversight. It is classified as “autonomous” and falls under the direction of its own secretary general, who convenes his own general assembly once a year, at the ISA headquarters. For about a week, delegates from 168 member states pour into Kingston from around the world, gathering at a broad semicircle of desks in the auditorium of the Jamaica Conference Centre. Their assignment is not to prevent mining on the seafloor but to mitigate its damage—selecting locations where extraction will be permitted, issuing licenses to mining companies, and drafting the technical and environmental standards of an underwater Mining Code.
Writing the code has been difficult. ISA members have struggled to agree on a regulatory framework. While they debate the minutiae of waste disposal and ecological preservation, the ISA has granted “exploratory” permits around the world. Some 30 mineral contractors already hold licenses to work in sweeping regions of the Atlantic, Pacific, and Indian Oceans. One site, about 2,300 miles east of Florida, contains the largest system of underwater hot springs ever discovered, a ghostly landscape of towering white spires that scientists call the “Lost City.” Another extends across 4,500 miles of the Pacific, or roughly a fifth of the circumference of the planet. The companies with permits to explore these regions have raised breathtaking sums of venture capital. They have designed and built experimental vehicles, lowered them to the bottom, and begun testing methods of dredging and extraction while they wait for the ISA to complete the Mining Code and open the floodgates to commercial extraction. [Continue reading…]