View the latest Cost-benefit Analysis (CBA) of DSM in the Pacific Islands Region. This independent CBA basses its analysis on realistic yet hypothetical mining scenarios developed for three mineral deposits thought to have a high potential for economic viability. Download here.
The CBA summary can downloaded here
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In November 2009, the Seabed Minerals Act 2009 was passed by the Cook Islands Parliament, with unanimous support from both the Government and Opposition members of Parliament. This Act was the world's first national legislation dedicated to regulating seabed minerals activities..
On the 26 June 2012, Cabinet approved that-
a- The Act commence operation on 1 March 2013; and
b- The Seabed Minerals Authority be established.
On the 29 August 2012, a senior Cook Islands lawyer, Mr. Paul Lynch Llb./B.A. MBA. was appointed the first Seabed Minerals Commissioner, by the Honourable Tom Marsters, Minister of Minerals and Natural Resources. This appointment was approved by Cabinet.
On 13 September 2012, the Seabed Minerals Authority office in Avarua was officially opened by the Minister.
On the 1st March 2013, the Seabed Minerals Act 2009 officially commenced operations. The Authority received its first direct national funding from the Government budget.
On the 8th March 2013, the Authority was officially opened by the Honourable Tom Marsters, Minister of Minerals and Natural Resources, who also-
A. appointed the first members to the Seabed Minerals Advisory Board; and
B. Declared the limited areas of Seabed Minerals activity in the Cook Islands EEZ.