Does the Convention provide for production controls on mining of minerals from the deep seabed?
A. No, the Convention does not provide for production controls for deep seabed mineral resources. This was a problem deep seabed mining provision as originally concluded and was resolved through the renegotiation of the provision. The Convention’s production control provisions were repealed by Section 6 of the Annex to the 1994 Agreement Implementing the Convention’s deep seabed mining provisions. The revised rules permit production without arbitrary limit.
Related Questions
- Does the Convention permit decisions about deep seabed mining to be made by developing countries over the objection of the United States through the International Seabed Authority?
- Under the Convention, will U.S. companies have the opportunity to acquire rights to conduct deep seabed mining?
- Does the Convention provide for production controls on mining of minerals from the deep seabed?
