The Mining Code: Working Groups


open ended WG

Documents of the open-ended working group on the financial terms of contracts

An open-ended working group of the Council was created in July 2018 to discuss a financial model and payment mechanism for deep-sea mining. The group is chaired by Mr. Olav Myklebust (Norway) and, as of June 2021, has held four meetings to discuss the various options and associated rates of payment. 


1st meeting - February 2019


2nd meeting - July 2019


3rd meeting - February 2020


4th meeting - June and October 2020

Comparative Analysis of the Financial Aspects of Seabed Mining and Land-Based Mining

Studies requested by the Council concerning the financial model

Presentation of the studies (webinar on 28 October 2020)

Social Discount Rate