The Honourable Mark Brown, Minister for Seabed Minerals is pleased to announce the appointment of the Seabed Minerals Advisory Committee (Committee).
Read MoreYou can read all the latest news and updates on the Cook Islands seabed minerals sector here.
There is nothing to lose by giving out a few exploratory licenses, and much to gain in terms of knowledge on whether or not to go forward to actual mining.
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As the pandemic dries up traditional revenue sources, some Pacific Island governments are considering diving into the unknown waters of deep sea mining.
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Demand for cobalt, and other metals for batteries used in mobile electronics and electric vehicles, is forecast to dramatically increase. A potential new source of minerals from the deep-sea could enter battery supply chains in under a decade.
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Applicants for exploratory licences for seabed mining will be put through a “rigorous” licensing process to ensure they will apply the best environmental practices, says Deputy Prime Minister Mark Brown.
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The Cook Islands Seabed Minerals Authority announce the passing of the Seabed Minerals Amendment Act 2020 which was enacted in Parliament on 30th June 2020. An information note has been prepared outlining responses to submissions received by the Authority.
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The media play an important role as a source of information for the public, which assists in educating and raising awareness on issues, such as SBM. “In order to develop a meaningful and constructive dialogue on this topic, it is fundamental that statements and positions are fairly and accurately recorded” said Herman.
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On June 23rd at the New Hope church, Tutakimoa, the Seabed Minerals Authority were pleased to present the SBM amendment bill 2020 to the public for consultation. The presentation covered the background of the SBM Act 2019 before focusing on the proposed amendments.
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There was overwhelming support from all sectors to explore our ocean for more knowledge, data and information, he said, to make the most informed decisions related to harvesting the minerals and improving the lives of Cook Islands people.
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