Deep-sea miner TMC plans to be ready to apply for licence

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Gathered in Kingston, Jamaica, the 36-member ISA council is negotiating the latest draft of the anticipated seabed mining rules.

“We’ve told the market that we would lodge (our application) after the July (ISA) session [and] we see no reason to change that,” chief executive Gerard Barron told Reuters.

“From our perspective, what we’re looking for out of the current session is continual movement towards finalizing the regulations,” Barron told the news agency.

The ISA is currently meeting in Kingston, Jamaica to negotiate a draft “mining code” that will regulate the activity. The council has been reviewing the 225-page document produced in February and making adjustments as they proceed, TMC told reporters last week in a market briefing. 

“We’ve told the market that we would lodge (our application) after the July (ISA) session [and] we see no reason to change that”

TMC chief executive Gerard Barron

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