More deep sea research will be undertaken in Cook Island waters and Cook Islanders are right at the forefront of this next research survey. The team will be departing Rarotonga shores this December.
Read MoreYou can read all the latest news and updates on the Cook Islands seabed minerals sector here.
GSR Exploration Manager and marine geologist Francois Charlet said their research was successful. “We did a lot of deployment of freefall grabs to collect samples. We collected about 469kg of nodules which is quite a lot,” said Charlet.
Read Moreour Cook Islanders are to be included in a research team embarking on an expedition to explore the seabed near Aitutaki this month.
Read MoreCook Island News | 19 November 2018 Before matters proceed to the point of no return, we the Iti Tangata need to ask whether mining will lead to riches or to our ruin. Should we allow our Government to jeopardise the main industry of our country that is the backbone of our national economy? Does […]
Read More“In a deal worth $100,000, OML has reserved around 23,000 square kilometres, or 1.2% of the Cook Islands Exclusive Economic Zone (EEZ) containing high value polymetallic (manganese) nodules for up to 18 months.
This gives the company the exclusive right to apply to undertake prospecting and exploration activities in that area. The first agreement between the government and the OML was signed a year ago in which they reserved a different seabed area of around 12,000 square kilometres to explore primarily for seafloor sediment enriched in Rare Earth Elements (REEs), as well as four additional areas reserved for OML on a first option basis.
Under this latest agreement, Finance minister Mark Brown confirmed the OML will not undertake any activity in this particular area, adding it was merely to reserve the spot for potential exploration in the future.
“It is basically to give them the first right over this (area) ahead of any other company that may want to come in and apply for an exploration licence in this particular area,” Brown said.”
Read More