Cook Islands Seabed Minerals Authority
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News & Press Releases

 
 

You can read all the latest news and updates on the Cook Islands seabed minerals sector here.

 
Posts tagged Seabed Minerals Act
PM declares seabed minerals ambition
PM declares seabed minerals ambition

Cook Islands wants to be the country that is at the forefront of the seabed minerals sector, declared Prime Minister Mark Brown.

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CI NEWSDede MingiSeabed Minerals, Deep Sea Mining, Cook Islands, UMC 2024, Ocean Resources, Marine Minerals, Sustainable Mining, Environmental Stewardship, Mana Tiaki, Pacific Values, Ocean Research, Marine Conservation, Exclusive Economic Zone, Seabed Minerals Act, Marae Moana, Scientific Research, Marine Sustainability, International Collaboration, Ocean Exploration, Responsible Mining, Cook Islands Leadership, Deep Sea Resources, Preserve Protect Prosper, Innovation in Mining, Ocean Science, Marine Protection
Parliament approve improvements to the Seabed Minerals Act
Parliament approve improvements to the Seabed Minerals Act

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.

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Media ReleaseDede MingiSBMA, Exploration, Government, Parliament, Seabed Minerals Act, Seabed Minerals Amendment Bill 2024, Seabed Minerals Authority, Mark Brown, Cook Islands, Rarotonga, Te-Ara Henderson, Crown Law Office, New Zealand Parliamentary Council's Office, Seabed Minerals Act 2019, Exploration Regulation, Cabinet, Tina Pupuke Browne, Vaitoti Tupa, Alex Herman, Policy and Regulatory Oversight, Latishia Maui-Mataora, Cook Islands Seabed Minerals, Brown, Bill, support, amendment, SBM, minerals, seabed, changs, policy, process, harvesting, purpose, improve, standards, now, activities, collection, nodules, management, clearer, continue
Environmental cost will likely stop Cooks’ seabed mining
Environmental cost will likely stop Cooks’ seabed mining

“The Cook Islands’ Seabed Minerals Authority Commissioner Paul Lynch said the country’s Seabed Minerals Act ensured a careful, steady approach to any potential exploration or mining.

He said the act was the world’s first, dedicated national legislation to control seabed minerals activities.

Mr Lynch said criticism, based on objections to seabed mineral prospecting in other countries, is superficial and close-minded.”

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InternationalDede MingiCook Islands Seabed Minerals Authority, Paul Lynch, Seabed Minerals Act
Cook Islands signs seabed minerals deal
Cook Islands signs seabed minerals deal

“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.”

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CI NEWSDede MingiCook Islands Seabed Minerals Authority, Cook Islands, Rarotonga, Ocean Minerals Limited, CI EEZ, Cook Islands Exclusive Economic Zone, Polymetallic Nodules, Manganese, nodules, Cobalt, Rare Earth Minerals, Mark Brown, Cook Islands Investment Corporation (CIIC), Seabed Minerals Act, Marae Moana Act, OML