Well, as yet it's not an organization, but the potential would be there. The suggestion was that it would be multi-sectoral, that it wouldn't be just mining. Whether it would be mining, oil and gas, fishing, tourism, or whoever is expecting to be active in the Arctic, it's appropriate there be common standards, common expectations about appropriate behaviour, and some sharing of best practices.
Mining in particular has developed a lot of what have become industry standards, particularly around safety. These can be shared across boundaries and, for that matter, across sectors where there's similarity of activity. It's essentially a forum wherein the whole is more than the sum of the parts.