Last month marked two years since the country’s first seabed minerals exploration licences were issued on 23 February 2022. A major milestone and achievement for the Cook Islands after many years of preparation.
Read MoreYou can read all the latest news and updates on the Cook Islands seabed minerals sector here.
Parliament unanimously approved the Seabed Minerals Amendment Bill 2024 yesterday.
The purpose of the amendments were to improve the overall seabed minerals regime. This included making the intent of some sections clearer, as well as changes to enable the Seabed Minerals Authority (SBMA) to fulfil its functions more effectively.
Read MoreThe Prime Minister and Minister responsible for Seabed Minerals (SBM), Hon. Mark Brown is pleased to announce the appointment of the SBM Licensing Panel (Licensing Panel). The role of the Licensing Panel is to evaluate applications for exploration licenses and recommend to the Minister whether to grant or decline the applications.
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