Today, many of the largest mineral corporations in the world have launched underwater mining programs. On the west coast of Africa, the De Beers Group is using a fleet of specialized ships to drag machinery across the seabed in search of diamonds. In 2018, those ships extracted 1.4 million carats from the coastal waters of Namibia; in 2019, De Beers commissioned a new ship that will scrape the bottom twice as quickly as any other vessel. Another company, Nautilus Minerals, is working in the territorial waters of Papua New Guinea to shatter a field of underwater hot springs lined with precious metals, while Japan and South Korea have embarked on national projects to exploit their own offshore deposits. But the biggest prize for mining companies will be access to international waters, which cover more than half of the global seafloor and contain more valuable minerals than all the continents combined. From Our January/February 2020 Issue

Regulations for ocean mining have never been formally established. The United Nations has given that task to an obscure organization known as the International Seabed Authority, which is housed in a pair of drab gray office buildings at the edge of Kingston Harbour, in Jamaica. Unlike most UN bodies, the ISA receives little oversight. It is classified as “autonomous” and falls under the direction of its own secretary general, who convenes his own general assembly once a year, at the ISA headquarters. For about a week, delegates from 168 member states pour into Kingston from around the world, gathering at a broad semicircle of desks in the auditorium of the Jamaica Conference Centre. Their assignment is not to prevent mining on the seafloor but to mitigate its damage—selecting locations where extraction will be permitted, issuing licenses to mining companies, and drafting the technical and environmental standards of an underwater Mining Code.