Saturday 9 March 2024 | Written by Supplied | Published in Editorials, Opinion
Licences were issued to three companies: CIC, CIIC Seabed Resources (now Cobalt Seabed Resources) and Moana Minerals. They were all subject to a 16-month application process run by the Seabed Minerals Authority (SBMA), involving due diligence assessments, public consultations, expert panel evaluations and various other review processes.
An Exploration Licence allows the companies to conduct exploration activities in their licenced areas for a period of five years.
Two years into exploration, the companies have undertaken studies, and importantly explored our waters. We now have gigabytes of new data and new knowledge – with the environmental data publicly available on our website.
Two years into exploration, the Cook Islands Government has made significant progress in building our seabed minerals (SBM) sector by strengthening our regulatory frameworks, engaging with our communities, and developing the sector in a responsible and sustainable manner.
Some key milestones from the past two years include:
Meitaki maata to all our Cook Islands people and stakeholders for your support and contributions, and we look forward to working with you and our communities into another year of exploration and discovery.