Scott Vincent on the Future of Deep Sea Mining and Polymetallic Nodules

In this episode, we chat with Scott Vincent, President of the Critical Ocean Minerals Research Center, who are an organisation representing a group of stakeholders who have been studying seabed mineral extraction, and take a closer look at some of the important issues surrounding this method of mining. The organisation aims to provide balanced information on the environmental and economic aspects of deep-sea mining, addressing both its potential benefits and concerns. Scott’s background combines extensive experience in finance and investment with a focused interest in marine resource management, positioning him to contribute significantly to discussions on sustainable ocean mineral extraction. On this podcast, Scott talks about the benefits, negatives, and impacts of harvesting polymetallic nodules, some of the misperceptions about nodule harvesting, what it means for this industry with a new administration in power, and a lot more. KEY TAKEAWAYS Deep sea mining primarily targets resources located below 1,000 meters, focusing on three main types of formations: polymetallic nodules, seafloor massive sulfides, and cobalt crusts. Polymetallic nodules are considered the most attractive due to their ease of extraction and lower environmental impact. Harvesting polymetallic nodules can have negligible to positive impacts on human health and welfare. It offers a potential solution to reduce reliance on terrestrial mining, which often has severe negative effects on human health and the environment. Additionally, deep sea mining can lead to lower CO2 emissions and less toxic waste compared to traditional mining methods. There is significant opposition to deep sea mining, largely driven by environmental groups advocating for a moratorium. Common misconceptions include exaggerated claims about the destruction of ocean ecosystems and the potential release of carbon dioxide into the atmosphere, which are not supported by scientific evidence. The International Seabed Authority (ISA) governs deep sea mining in international waters, but the presence of countries that rely on terrestrial mining for their economies complicates the regulatory process. Some nations, like the Cook Islands, are moving forward with regulations for deep sea mining. BEST MOMENTS "We found that there was just a lot of misinformation, omitted information, and there was kind of a void in the marketplace where there wasn't a response from industry to counter some of the narratives out there." "The first benefit I always talk about is the fact that it looks like the impact on human health, human welfare, from harvesting nodules is negligible to positive." "The interesting thing in my book is that WWF looks the other way when we have these atrocities in the DRC and Indonesia." "If we fulfilled all those requirements with nodule harvesting tomorrow onward for the next 20 years, we would only touch 0.06% of the abyssal plains." VALUABLE RESOURCES Mail:        [email protected] LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/ X:              https://twitter.com/MiningRobTyson YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast  Web:        http://www.mining-international.org This episode is sponsored by Hawcroft, leaders in property risk management since 1992. They offer: Insurance risk surveys recognised as an industry standard Construction risk reviews Asset criticality assessments and more Working across over 600 sites globally, Hawcroft supports mining, processing, smelting, power, refining, ports, and rail operations. For bespoke property risk management services, visit www.hawcroft.com GUEST SOCIALS https://comrc.org/ https://x.com/COMRC_ORG https://www.facebook.com/profile.php?id=61556584570043 ABOUT THE HOST Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace. CONTACT METHOD [email protected] https://www.linkedin.com/in/rob-tyson-3a26a68/ Podcast Description Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.