This week, the US BOEM released its critical mineral sales and bidder qualifications.“We are pleased to share important news about potential upcoming opportunities to lease areas of the U.S. Outer Continental Shelf
This week, the US BOEM released its critical mineral sales and bidder qualifications.
“We are pleased to share important news about potential upcoming opportunities to lease areas of the U.S. Outer Continental Shelf for the potential future development of critical and strategic mineral resources vital to America’s security, technological leadership, and economic strength.”
The move comes after New Zealand’s Fast Track expert panel declined an Australian company’s application to mine the seabed in the South Taranaki Bight, finding in a draft decision that it would likely cause material harm to marine ecosystems and threatened species like pygmy blue whales and penguins. It concluded the Trans-Tasman Resources mining project could not be safely managed, even with conditions attached.
Trans-Tasman Resources had applied under the Fast-track Approvals Act 2024 (FTAA) for approvals for its Taranaki project which involves, in each year for 20 years, extraction of up to approximately 50 million tonnes of seabed material, recovery of up to approximately five million tonnes of vanadium-rich titanomagnetite concentrate, and the return of approximately 45 million tonnes of de-ored sediment to the seabed.
Some of Fast Track’s findings when rejecting the application are:
Extent of benefits: the Panel considers that the project has significant regional
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