Deep Sea Mining Bill

I must confess that, not for the first time this morning, I am slightly confused by what my hon. Friend says; that has nothing to do with her delivery, but with my lack of understanding. She said that it is important for the Bill to include other minerals because we want British companies to be able to explore and exploit them in the same way that other countries can. Am I right in thinking that if such minerals are not covered by international agreement, British companies are already free to do so without a licence, and that including such minerals in legislation will add bureaucracy and cost to UK companies rather than assist them?