JAMAICA, Kingston (30 May 2018) – – The Secretariat of the International Seabed Authority has released the advance and unedited text (English only) of the Draft Regulations on Exploitation of Mineral Resources in the Area (ISBA/24/LTC/WP.1).
The revised draft incorporates the consideration of a number of requests addressed to the Legal & Technical Commission by the Council during the first part of the 24th Session in March 2018, comments by the Commission, and also reflects the responses from stakeholder submissions.
The overall approach to the 11-part draft document has been to provide an improved structure and logical flow in the regulatory text with a better balance between the rights and obligations of contractors.
Also released are the following advance and unedited documents which also refer to the draft regulations:
(a) the Draft regulations on exploitation of mineral resources in the Area, Note by the Secretariat (ISBA/24/LTC/6), and
(c) the Environmental Impact Statement Template (ISBA/24/LTC/WP.1/Add.1)
The documents will be translated into the official languages of the Authority, and will be uploaded to the website as soon as they come to hand.
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ISBA/PR/2018/017