PH eyes whole-of-society approach for seabed mining

Transcript

00:00 The Philippines is working on a national strategy to address the exploration and exploitation

00:05 of deep-sea mineral resources through hosting a workshop with the International Seabed Authority

00:11 to discuss the framework needed for ocean mining.

00:14 The Philippines recognizes the abundance of minerals on the ocean floor such as cobalt,

00:19 manganese, copper, nickel and rare minerals which are mostly beyond national jurisdictions.

00:26 The country is committed to the conservation and sustainable management of the oceans and

00:30 encourages a holistic strategy for the exploration and development of the seabed.

00:36 The workshop aims to revise the Philippine Mining Act in accordance with international

00:40 law to enable participation in ISA activities.

00:44 The ISA regulates and controls mineral resources in the seabed for the benefit of mankind.

00:51 The organization has already issued exploration contracts and is developing regulations for

00:55 for deep sea mining.