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McInnes Cooper associate works with seabed regulator on mining code

Thursday, May 25, 2017 @ 11:05 AM | By John Chunn


McInnes Cooper lawyer Elizabeth McIsaac is among the team members contributing to the development of the mining code for the International Seabed Authority (ISA).

The ISA is the regulator of the “area,” the largest space in the world of the seabed and ocean floor beyond the limits of national jurisdiction.

While the ISA has seabed mineral exploration regulations in place, further regulations are necessary before mining may begin.  

The ISA, along with a team of external contributors, is now in the process of developing regulations and standard contract terms in respect of mineral exploitation, which is the next step required to bring this nascent industry into reality.

The drafting team is currently working out of the ISA headquarters in Kingston, Jamaica. Other team members include Chris Whomersley (retired deputy legal adviser in the United Kingdom’s Foreign & Commonwealth Office), Tomoko Tauchi (Deep Ocean Resources Development, Japan) and Claudia Maria Rezende de Souza (Geological Survey of Brazil).