Tectonic Metals gets funding for gold exploration in Alaska
The company's Flat gold project is located 40 km north of the giant Donlin gold project.
Canada is against commercial seabed mining in international waters without a comprehensive understanding of its environmental impacts and a robust regulatory regime, the federal government said on Monday.
“In the absence of both a comprehensive understanding of seabed mining’s environmental impacts and a robust regulatory regime, Canada supports a moratorium on commercial seabed mining in areas beyond national jurisdiction and will not support the provisional approval of a plan of work,” the government said in a statement.
Earlier this year, the Canadian government said it would not allow mining in its domestic ocean seabeds without a “rigorous regulatory structure” and that the need for natural resources does not override Ottawa’s environmental commitments.
(By Ismail Shakil; Editing by Franklin Paul)
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