⛏️Proposed Rule on Deep Seabed Mining Regulations for Businesses
Deep Seabed Mining: Revisions to Regulations for Exploration License and Commercial Recovery Permit Applications
Summary
The Deep Seabed Hard Mineral Resources Act (DSHMRA or the Act) charges NOAA with the responsibility for issuing licenses for exploration and permits for commercial recovery of polymetallic nodules from the deep seabed in areas beyond national jurisdiction and promulgating regulations necessary to carry out the provisions of the Act. Some provisions of the regulations require updating to reflect significant technological and information changes since the initial regulations were promulgated in the 1980s. NOAA proposes to include a consolidated license and permit review process in a section of the regulations that was reserved for this purpose and make other changes.
Agencies
- Commerce Department
- National Oceanic and Atmospheric Administration
Business Impact
$$$ - High
The proposed rule updates regulations for deep seabed mining, impacting compliance requirements for businesses seeking exploration licenses and commercial recovery permits. The introduction of a consolidated application process streamlines operations, reduces costs, and reflects technological advancements since the original regulations were set in the 1980s.