The Cook Islands government has taken further steps towards establishing a Sovereign Wealth Fund (SWF), with officials currently in New Zealand holding discussions with financial experts, Prime Minister Mark Brown told Parliament this week.
Read MoreYou can read all the latest news and updates on the Cook Islands seabed minerals sector here.
Cook Islands and China have agreed to cooperate on blue economy investments, including new port wharves and deep sea minerals development, under a newly signed memorandum of understanding (MoU).
Read MoreThere is a question that rests heavily on my heart – one that goes beyond politics and economics, writes Thomas Tarurongo Wynne.
Read MoreSeabed Mining Authority (SBMA) says it will be reaching out to the community, especially older generations, to consult with them about their preliminary findings from the ongoing seabed minerals exploration.
Read MoreThe comprehensive strategic partnership agreement between the Cook Islands and China will be signed this Friday (Thursday, Cook Islands time).
This was confirmed by the Office of the Prime Minister after it released initial details of Cook Islands’ talks with China this week.
Read MoreThe comprehensive deal the Cook Islands will sign with China in the coming week will not involve any borrowing, the Prime Minister confirmed this week.
Read MoreCook Islands Government is misleading the public into believing the country is undecided on whether to allow deep seabed mining, claims an advocate for ocean conservation and protection.
Read MoreThe National Environment Service (NES) says it plays a crucial role in assessing and reviewing environmental matters associated with seabed mineral activities.
This includes the administration of applications for environmental consents and permits. In collaboration with the Seabed Mining Authority (SBMA), the NES ensures regulatory oversight and compliance with environmental management and reporting requirements set forth by license conditions and environmental consents or permits.
Read MorePrime Minister Mark Brown has acknowledged economic concerns about seabed mining, emphasising that the government will only proceed with projects that are both commercially viable and environmentally sustainable.
Brown was responding to recent cautionary remarks from Australian economist Professor Christopher Flemming regarding the Cook Islands’ plans for seabed mining.
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