The Fort Worth Press - New Zealand rethinks opposition to deep-sea mining

USD -
AED 3.673003
AFN 72.00014
ALL 90.149771
AMD 391.780005
ANG 1.790208
AOA 916.49854
ARS 1075.314303
AUD 1.62788
AWG 1.8
AZN 1.699372
BAM 1.771301
BBD 2.017534
BDT 121.402308
BGN 1.786775
BHD 0.376938
BIF 2925
BMD 1
BND 1.345771
BOB 6.904859
BRL 5.8194
BSD 0.999221
BTN 86.74138
BWP 14.174576
BYN 3.269895
BYR 19600
BZD 2.007245
CAD 1.41012
CDF 2874.999945
CHF 0.854955
CLF 0.025578
CLP 981.529865
CNY 7.35005
CNH 7.36169
COP 4302.25
CRC 513.965367
CUC 1
CUP 26.5
CVE 100.999986
CZK 22.874003
DJF 177.720271
DKK 6.812895
DOP 62.391204
DZD 133.788981
EGP 51.618498
ERN 15
ETB 129.950274
EUR 0.91255
FJD 2.318098
FKP 0.783371
GBP 0.779295
GEL 2.754964
GGP 0.783371
GHS 15.49249
GIP 0.783371
GMD 72.139693
GNF 8659.903642
GTQ 7.716751
GYD 208.983453
HKD 7.75896
HNL 25.762511
HRK 6.878897
HTG 131.560572
HUF 373.602903
IDR 16954.218811
ILS 3.74283
IMP 0.783371
INR 86.266162
IQD 1310.453719
IRR 42123.46439
ISK 132.8094
JEP 0.783371
JMD 157.8948
JOD 0.708958
JPY 147.268499
KES 129.511355
KGS 86.825221
KHR 4003.689294
KMF 450.913463
KPW 900.005689
KRW 1480.009088
KWD 0.308038
KYD 0.829237
KZT 518.462082
LAK 21662.472816
LBP 90161.548349
LKR 297.183167
LRD 200.048677
LSL 19.587586
LTL 2.95274
LVL 0.60489
LYD 4.944799
MAD 9.560793
MDL 17.738644
MGA 4683.385645
MKD 56.232333
MMK 2099.508213
MNT 3514.239504
MOP 8.003826
MRU 39.750362
MUR 45.113755
MVR 15.443685
MWK 1734.618377
MXN 20.3408
MYR 4.491124
MZN 63.826849
NAD 19.587586
NGN 1567.650666
NIO 36.818546
NOK 10.781345
NPR 138.090559
NZD 1.771887
OMR 0.384994
PAB 1
PEN 3.732833
PGK 4.11582
PHP 57.4449
PKR 280.705549
PLN 3.91493
PYG 8031.181409
QAR 3.640004
RON 4.561789
RSD 107.396151
RUB 85.927049
RWF 1431.730066
SAR 3.749739
SBD 8.499783
SCR 14.629369
SDG 600.191587
SEK 9.981915
SGD 1.35292
SHP 0.785843
SLE 22.76007
SLL 20969.501083
SOS 570.90547
SRD 36.632038
STD 20697.981008
SVC 8.750267
SYP 13001.930666
SZL 19.587586
THB 34.845792
TJS 10.854032
TMT 3.498058
TND 3.082425
TOP 2.419631
TRY 37.966831
TTD 6.785107
TWD 32.995898
TZS 2677.115189
UAH 41.258897
UGX 3693.252171
UYU 42.883827
UZS 12961.218474
VES 73.249923
VND 26000.470433
VUV 126.014532
WST 2.882742
XAF 601.217951
XAG 0.03239
XAU 0.000324
XCD 2.706527
XDR 0.749568
XOF 601.217951
XPF 109.373611
YER 245.724557
ZAR 19.42505
ZMK 9001.20265
ZMW 28.042303
ZWL 321.999592
  • RBGPF

    60.2700

    60.27

    +100%

  • RYCEF

    0.1000

    9.3

    +1.08%

  • CMSC

    0.3900

    22.6

    +1.73%

  • NGG

    2.4700

    65.21

    +3.79%

  • RELX

    3.2300

    48.54

    +6.65%

  • AZN

    1.8600

    66.76

    +2.79%

  • SCS

    0.8700

    10.61

    +8.2%

  • BTI

    0.6600

    40.21

    +1.64%

  • GSK

    0.3500

    34.48

    +1.02%

  • RIO

    3.2900

    55.61

    +5.92%

  • BCC

    8.5100

    98.44

    +8.64%

  • JRI

    0.5200

    11.99

    +4.34%

  • VOD

    0.3900

    8.58

    +4.55%

  • CMSD

    0.3700

    22.75

    +1.63%

  • BCE

    0.1300

    21

    +0.62%

  • BP

    1.7900

    27.9

    +6.42%

New Zealand rethinks opposition to deep-sea mining
New Zealand rethinks opposition to deep-sea mining / Photo: © National Oceanography Centre / Smartex project (NERC)/AFP/File

New Zealand rethinks opposition to deep-sea mining

New Zealand is considering withdrawing its support for an international ban on deep-sea mining, the country's resources minister told AFP on Tuesday.

Text size:

Resources Minister Shane Jones said opposition to the fledgling industry was rooted in "shrill" environmental alarmism and "luxury beliefs" that ignored the need for economic growth.

New Zealand backed a ban on deep-sea mining under former progressive prime minister Jacinda Ardern in 2022, citing the risk of "irreversible" damage in poorly understood ecosystems.

However Jones, a senior minister in the governing centre-right coalition, said officials were rethinking that stance.

"We're talking about this with our foreign affairs minister," he told AFP in an interview.

"We can't deny ourselves the option where critical minerals have an increasingly critical role to play.

"We can't afford these luxury beliefs that have been imposed upon us."

Companies stand to earn billions of dollars by scraping the ocean floor for polymetallic nodules that are loaded with manganese, cobalt, copper and nickel -- metals used to build batteries for electric vehicles.

But the industry faces sharp criticism from scientists and environmental advocates, who fear new techniques could wreak havoc in poorly understood ecosystems.

"I personally think that seabed mining has become the last green trophy, so people are tossing around the most absurd, untested theories," Jones said.

"And I'm not going to back down from these shrill voices."

- Theatre and posturing -

Jones was unruffled by suggestions a pro-mining stance could weaken support among New Zealand's climate-threatened Pacific Island neighbours.

"I understand there's a lot of theatre and posturing that happens when small island nations go to international fora," he said.

"We've imposed upon ourselves an ideological corset, which we can no longer afford to wear."

Deep-sea mining is one of the few issues on which Pacific Island nations are divided.

Nauru and Tonga are pushing for deep-sea mining in international waters, while Palau, Samoa and Fiji are staunchly opposed.

Canada-based The Metals Company has been working with the Nauru government in the hope of starting mining by 2026.

Harvard-educated Jones recently unveiled a pro-mining agenda differing wildly from the environmentally friendly policies of Ardern's former government.

Under Jones, the isolated island nation will look to dig up everything from critical minerals to coal and iron-rich sands at the bottom of the sea.

New Zealand's desire to scoop up this sand differs from deep-sea mining, which targets polymetallic lumps nestled in much deeper waters.

- 'Tiny pimple' -

"We think that the seabed is a legitimate part of our broader primary sector economy," Jones said.

"It would seem odd that we were mining minerals in our own oceanic environment but we are telling others not to do it."

New Zealand has long traded on a "clean green" image that highlights its rolling pastures, untouched rainforests and pristine waterways.

Ardern was lauded during her term as a climate hero when she banned offshore gas exploration in 2018.

However the current government has already moved to unwind that ban, with Jones occasionally voicing the "drill, baby, drill" mantra favoured by US President Donald Trump.

"The pendulum swung too far driven by woke climate catastrophisation where mining became demonised," Jones said.

"Climate change will require us to adapt but New Zealand is such a tiny pimple in relation to the world's emissions, we are arguably irrelevant."

W.Matthews--TFWP

Advertisement Image