The Seabed Minerals Authority (SBMA) has dismissed claims that the lack of timely notices on critical matters, such as seabed mining, was a waste of taxpayers’ money by SBMA during their recent consultations in Aitutaki last month.
Read MoreYou can read all the latest news and updates on the Cook Islands seabed minerals sector here.
A new study suggests the economic benefits of seabed mining in the Cook Islands have been exaggerated, countering government claims that the industry will generate millions in revenue.
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We’d like to explain what a deep-sea minerals exploration licence actually means for the Cook Islands — and equally important, what it does not mean. Some people worry that, by granting exploration licences, we have already agreed to mining.
We have not. Exploration does not give anyone permission to begin minerals harvesting.
This overview sets out the facts, the process, and the safeguards in place so our country can understand what is really happening in our waters today.
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