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.
The Cook Islands has just finished its second year exploring its ocean to see if deep sea mining can happen. The exploration phase - which will continue for about another three years - gives three companies access to the nations waters to see if mining is a viable option.
As part of the process companies need to review the environmental risks associated with the task. If the companies can prove mining is viable the government will award them a mining license.
Read MoreParliament 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 Underwater Minerals Conference (UMC) 2023 in Rotterdam, Netherlands, witnessed an unexpected development. The Cook Islands will host the 52nd edition of this prestigious gathering, which has been the foundation of the marine minerals’ community since 1970!
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