The ISA is in the process of developing Regulations for Exploitation of mineral resources in the Area which is the ultimate regulatory phase in developing the common heritage of mankind. In the course of its work, it has undertaken several activities and issued the following documents below. During its 24th Session Council meetings in July 2018, all stakeholders were invited to comment on the revised draft regulations by the 30 September 2018 to firstname.lastname@example.org .
Developing Financial Terms for Deep Sea Mining Exploitation, Comparable study of mining industry fiscal regimes
The ISA launched a Stakeholder Survey aimed at soliciting relevant information for the development of a regulatory framework for the exploitation of minerals in the Area from members of the Authority and current and future stakeholders. The Stakeholder Survey was the first in a series of stakeholder engagements anticipated by the Authority to begin the development of a regulatory framework which will incorporate contemporary best practice and from which the Authority expects to benefit from the in-depth views, analysis and opinions from experts on activities in the Area.
The Authority issued consultation documents to members of the Authority and all stakeholders:
Revised Draft Framework and Action Plan
Also in 2015, members of the Authority and stakeholders were invited to comment on:
The suggested framework, high level issues and draft action plan [Stakeholder Submissions] and,
The development and implementation of a payment mechanism for exploitation activities in the Area [Stakeholder Submissions].
Discussion Paper on the Development and drafting of Regulations on exploitation for mineral resources in the Area (Environmental matters)
Draft Regulations on Exploitation of Mineral Resources in the Area
Stakeholder Submissions to the draft Regulations on exploitation for mineral resources in the Area
Revised draft Regulations on Exploitation of Mineral Resources in the Area [ISBA/24/LTC/WP.1]
Revised draft Regulations on Exploitation of Mineral Resources in the Area [ISBA/24/LTC/WP.1/REV.1] NEW
The following workshops directly related to the development of specific areas of the Exploitation Code were also held:
ISA Briefing Paper 4 | Workshop on Mineral Exploitation in the Area (Singapore 16-17 June 2015).
Conference Report | Workshop on the Deep Seabed Mining Payment Regime Workshop (San Diego, 17-18 May 2016)
Technical Study No.16 | Workshop on Environmental Assessment and Management for Exploitation of Minerals in the Area (Surfer’s Paradise, 23-26 May 2016)
Report | Workshop on Enhancing Stakeholder Participation and Transparency in the ISA Process (Ocho Rios, Jamaica, 16 July 2016)
Report | Deep Seabed Mining - Payment Regime Workshop (PRW) #2, London 1-2 December 2016
Report | Workshop Towards and ISA Environmental Management Strategy for the Area (20-24 March 2017, Berlin, Germany)
Report | Deep Seabed Mining - Payment Regime Workshop (PRW) #3, Singapore 19-21 April 2017
Report | Workshop on the draft regulations for the exploitation of mineral resources in the Area: policy, legal and institutional considerations (London, 12-13 February 2018)
The Secretariat has also issued the following Discussion Papers:
Discussion Paper 1 | April 2016: Dispute Resolution Considerations Arising Under the Proposed New Exploitation Regulations
Discussion Paper 2 | April 2016: Data and Information Management Considerations Arising Under the Proposed New Exploration Regulations
Discussion Paper 3 | April 2016: Developing a Communications and Engagement Strategy for the International Seabed Authority to Ensure Active Stakeholder Participation in the Development of a Minerals Exploitation Code
Discussion Paper 4 | June 2016: Enforcement and Liability Challenges for Environmental Regulation of Deep Seabed Mining
Discussion Paper 5 | March 2017: The Implementation of the Precautionary Approach by the International Seabed Authority