You can read all the latest news and updates on the Cook Islands seabed minerals sector here.
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 […]
Read More“The Pacific Network on Globalisation says claims environmental costs would stop seabed mining in the Cook Islands would be thwarted by a lack of safeguards in the country’s laws. PANG co-ordinator Maureen Penjueli says the Cooks’ Seabed Minerals Act dates back to 2009 when deep-sea mining was believed to be low risk, high return. She said in 2017 the risks to the environment were still little understood.”
Read More“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.”
Read MoreRarotonga, Cook Islands, September 29, 2017 – Ocean Minerals, LLC (OML) and the government of the Cook Islands, through the Cook Islands Investment Corporation (CIIC), have entered into an Agreement that will reserve approximately 23,000 square kilometres within the Cook Islands Exclusive Economic Zone (EEZ) containing high value polymetallic nodules for up to 18 months to […]
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