Michael Lodge, secretary general of the International Seabed Authority (ISA) – created in 1982 by the United Nations Convention on the Law of the Sea, with headquarters in Kingston – has cited opportunities for small island states like Jamaica to benefit from seabed mining. He said that 29 exploratory licences have been issued by the ISA up to now, which shows that there is private- and public-sector interest in accessing supplies of metals in a more environmentally sustainable way to meet increasing global demand.
“Through partnerships and access to research, which already exists, there are many possibilities for Jamaica,” he said.
The secretary general of the International Seabed Authority was speaking on Monday, September 17, at a meeting of the Rotary Club of St Andrew North held at the Altamont Court Hotel, Kingston.
According to Lodge, following explorations by those already licensed and when mining begins, the annual global revenues of the activity could be several billions of US dollars per year.
Among the countries that have participated in obtaining contracts from the International Seabed Authority for exploration of the seabed is Nauru, in the South Pacific, which has a population of only 8,000.