Seabed saves climate
Currently, there are only legal regulations that include the exploration of international waters. Exploitation has not yet been dealt with by the International Seabed Authority. But now a law on deep-sea mining could be passed by the end of 2020. Talks in March and then in July should lead to rules for exploitation.
This is where the more than 160 ISA member states come into the picture. ISA was initiated after the 2015 UN Climate Change Conference with the aim of bringing together countries with many hours of sunshine to promote solar power. A particularly eager member is China. Many of the raw materials needed to improve the climate are found on the seabed.
However, the exploitation of these raw materials is calling climate activists onto the scene. After all, this is one of the last untouched areas on earth. Environmental problems are feared as well as the threat of animals, which are still hardly known. Perhaps even countries that are economically heavily dependent on mining will fear the competition that could arise here.
Even if there are legal regulations on the exploitation of the seabed, it will probably take years before raw materials are really "harvested" at depth. Research has already been conducted in the Clarion Clipperton fault zone between Hawaii and Mexico. Today, and for some time to come, raw materials such as cobalt used in batteries for electric vehicles still have to be extracted in conventional mining.
Like First Cobalt or M2 Cobalt. First Cobalt - http://www.commodity-tv.net/c/search_adv/?v=298892 - owns the Iron Creek cobalt property in Idaho with batteryable cobalt sulfate and the only cobalt refinery approved in North America. First Cobalt has just invested in shares of eCobalt Solutions. eCobalt will be able to produce primary cobalt at short notice on its project in Idaho.
M2 Cobalt - http://www.commodity-tv.net/c/search_adv/?v=298911 - owns promising cobalt properties in Uganda. The company plans to merge with Jervois Mining, which will merge with eCobalt. An industry leader seems to be growing up here.
Current company information and press releases from First Cobalt (https://www.resource-capital.ch/en/companies/first-cobalt-corp/).
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