After more than a decade of negotiations, a new round of talks to finalize a code to regulate deep-sea mining in international waters begins Monday in Jamaica, with hopes high for adoption this year.
The International Seabed Authority (ISA), an independent body established in 1994 under a UN convention, has been working since 2014 on new rules for developing mineral resources on the ocean floor.
The huge task has gathered pace, under pressure from corporate concerns eager to cash in on the untapped minerals.
Canada's The Metals Company plans to file the first commercial mining license request in June, through its subsidiary Nori (Nauru Ocean Resources Inc.), which hopes to extract polymetallic nodules from the Pacific.
Here is a look at the proposed rules, and why they have sparked intense debate:
What does this mining code entail?
Under the UN Convention on the Law of the Sea (UNCLOS), the ISA must both oversee any exploration or mining of coveted resources (such as cobalt, nickel, or manganese) in international waters, and protect the marine environment.
For activists worried about the protection of hard-to-reach ocean ecosystems, this twin mandate is nonsensical. Some groups, and more and more countries, are asking for a moratorium on seabed mining.
With no consensus, the ISA-led negotiations have continued.
The ISA Council, made up of 36 of the authority's 169 member states, will spend the next two weeks trying to bridge the gaps on finalizing the code.
They are working from a 250-page "consolidated text" already riddled with parenthetical changes, and comments on disagreements.
But then there are dozens of amendments filed by countries, companies and non-governmental organizations.
Emma Wilson of the Deep Sea Conservation Coalition told AFP there were "over 2,000 textual elements that are still being discussed -- and that those debates were "not close to being resolved."
How would seabed mining work?
Any entity wishing to obtain a contract to mine the ocean floor must be sponsored by a specific country.
Those applications for mining licenses would first go through the ISA's legal and technical commission, which NGOs say is too pro-industry and opaque.
The commission would evaluate the financial, technical and environmental aspects of the proposed plans, and then make a recommendation to the ISA Council, the final decision-maker.
But some worry that rules already set by UNCLOS would make it too difficult to reject any favorable recommendations.
The draft code calls for initial contracts lasting 30 years, followed up with extensions of five years at a time.
Activists take part at a "Look Down action" rally to stop deep sea mining outside the European Parliament in Brussels on March 6, 2023. (AFP/Files)