Cobalt on the Rise

Interest in deep sea mining has been accelerating due to the rising price of cobalt. The metal is an important component of EV batteries, laptops and cell phones. In October 2017, cobalt prices reached a nine-year high, trading at around US$30 per pound, tripling its 2015 value of US$10. The rise is not only seen […]

InternationalDede Mingi27 November 2017Cobalt, Cook Islands, Copper, Electric Vehicle Batteries, International Seabed Authortity (ISA), Nickel, Polymetallic Nodules, The Mining Code

Cook Islands Partners to Explore Pacific Bounty

The government of the Cook Islands, through the Cook Islands Investment Corporation (CIIC), entered into an agreement in September with U.S. based Ocean Minerals, LLC (OML) for the exclusive right for up to 18 months to prospect and explore high value polymetallic nodules over approximately 23,000 square kilometers of the Cook Islands Exclusive Economic Zone […]

InternationalDede Mingi27 November 2017Clarion-Clipperton Fracture Zone (CCZ), Cobalt, Cook Islands, Rarotonga, Cook Islands Investment Corporation (CIIC), Cook Islands Seabed Minerals Authority, Copper, Iron, Manganese, Manganese Nodule, Nickel, Ocean Minerals Limited, Penrhyn Basin, Polymetallic Nodules, Rare Earth Minerals

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