Delays in the seabed minerals exploration and research are expected due to opposition and the efficiency of the regulatory system, says one of the three deep sea mining companies exploring the Cook Islands seabed.
Read MoreYou can read all the latest news and updates on the Cook Islands seabed minerals sector here.
We are committed to sustainably and responsibly developing our SBM sector for the benefit of our Cook Islands people. In line with the precautionary approach, any future decision on whether or not we will allow harvesting to occur needs to be science based.
To achieve this, we need more data and information about the nature of our mineral resource and the marine environment so that we can better understand and address the potential environmental impacts and likely commercial viability. This understanding can only be obtained through exploration research work, which is why the Seabed Minerals Exploration Programme is important.
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The 52nd Pacific Islands Forum Leaders Meeting hosted by the Cook Islands concluded last week. Milestones included the endorsements of the 2050 Strategy Implementation Plan, the Pacific Resilience Facility (PRF) and the Pacific Regional Framework on Climate Mobility.
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This week was a historic milestone for the Seabed Minerals Authority (Authority). We announced the three seabed minerals companies that met the qualification criteria in the Act, and would be proceeding to the next stage of the exploration licensing process.
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