Deep sea mining tailings disposal is a new environmental challenge related to water pollution, mineral crust waste handling, and ocean biology. The objective of this paper is to propose a new tailings disposal procedure for the deep sea mining industry. Through comparisons of the tailings disposal methods which exist in on-land mining and the coastal mining fields, a new tailings disposal procedure, i.e., the submarine–backfill–dam–reuse (SBDR) tailings disposal procedure, is proposed. It combines deep sea submarine tailings disposal, backfill disposal, tailings dam disposal, and tailings reuse disposal for the deep sea mining industry. Then, the analytic network process (ANP) method is utilized to evaluate the performances of different tailings disposal methods. The evaluation results of the ANP show that the new proposed tailings disposal procedure is the most suitable for the deep sea mining industry.