Dubai Telegraph - The Pacific island nation that wants to mine the ocean floor

EUR -
AED 4.256969
AFN 73.026624
ALL 95.949668
AMD 436.29849
ANG 2.074968
AOA 1062.937298
ARS 1612.956254
AUD 1.648622
AWG 2.089361
AZN 1.97515
BAM 1.955793
BBD 2.330592
BDT 141.989509
BGN 1.981339
BHD 0.433598
BIF 3425.188147
BMD 1.159146
BND 1.479895
BOB 7.995972
BRL 6.159011
BSD 1.157196
BTN 108.180626
BWP 15.778945
BYN 3.510788
BYR 22719.261378
BZD 2.327292
CAD 1.591102
CDF 2637.057544
CHF 0.91272
CLF 0.027244
CLP 1075.745893
CNY 7.982348
CNH 8.005172
COP 4253.385281
CRC 540.49813
CUC 1.159146
CUP 30.717369
CVE 110.264618
CZK 24.515015
DJF 206.059287
DKK 7.48519
DOP 68.689762
DZD 151.885474
EGP 59.995792
ERN 17.38719
ETB 182.369469
FJD 2.566871
FKP 0.87126
GBP 0.867852
GEL 3.147128
GGP 0.87126
GHS 12.613956
GIP 0.87126
GMD 85.201694
GNF 10142.964899
GTQ 8.863969
GYD 242.099162
HKD 9.082199
HNL 30.628894
HRK 7.547552
HTG 151.809475
HUF 393.739159
IDR 19654.711213
ILS 3.60393
IMP 0.87126
INR 108.60329
IQD 1515.894754
IRR 1525001.44174
ISK 144.047519
JEP 0.87126
JMD 181.799371
JOD 0.82188
JPY 184.596363
KES 149.909481
KGS 101.364887
KHR 4623.983998
KMF 494.955743
KPW 1043.080849
KRW 1745.152688
KWD 0.35536
KYD 0.964297
KZT 556.328075
LAK 24848.914008
LBP 103633.441366
LKR 360.978751
LRD 211.759267
LSL 19.520632
LTL 3.422657
LVL 0.701156
LYD 7.407974
MAD 10.813063
MDL 20.15193
MGA 4824.983303
MKD 61.639787
MMK 2434.137979
MNT 4156.167228
MOP 9.340468
MRU 46.32084
MUR 53.912319
MVR 17.920835
MWK 2006.593056
MXN 20.746631
MYR 4.565921
MZN 74.073751
NAD 19.520632
NGN 1572.092184
NIO 42.579853
NOK 11.093021
NPR 173.089401
NZD 1.981616
OMR 0.445696
PAB 1.157196
PEN 4.000686
PGK 4.994983
PHP 69.723065
PKR 323.078682
PLN 4.282755
PYG 7557.973845
QAR 4.231485
RON 5.101986
RSD 117.449594
RUB 97.499663
RWF 1683.694173
SAR 4.352195
SBD 9.33305
SCR 15.877645
SDG 696.647132
SEK 10.831104
SGD 1.486609
SHP 0.86966
SLE 28.486057
SLL 24306.724357
SOS 661.297712
SRD 43.45349
STD 23991.981659
STN 24.499915
SVC 10.124965
SYP 128.128397
SZL 19.526932
THB 38.14522
TJS 11.114462
TMT 4.068602
TND 3.417588
TOP 2.790945
TRY 51.295112
TTD 7.850973
TWD 37.135217
TZS 3008.589588
UAH 50.693025
UGX 4373.984863
USD 1.159146
UYU 46.629839
UZS 14107.951178
VES 527.05282
VND 30499.449254
VUV 138.346896
WST 3.161587
XAF 655.95473
XAG 0.017031
XAU 0.000257
XCD 3.13265
XCG 2.085493
XDR 0.815797
XOF 655.95473
XPF 119.331742
YER 276.576393
ZAR 19.853262
ZMK 10433.709028
ZMW 22.593922
ZWL 373.244535
  • RBGPF

    -13.5000

    69

    -19.57%

  • BCC

    -1.5600

    68.3

    -2.28%

  • CMSC

    -0.2000

    22.65

    -0.88%

  • RIO

    -2.5000

    83.15

    -3.01%

  • RYCEF

    -1.2600

    15.34

    -8.21%

  • BCE

    0.0600

    25.79

    +0.23%

  • VOD

    -0.0900

    14.33

    -0.63%

  • GSK

    -0.5300

    51.84

    -1.02%

  • NGG

    -3.5400

    81.99

    -4.32%

  • BTI

    -1.3500

    57.37

    -2.35%

  • RELX

    -0.4600

    33.36

    -1.38%

  • AZN

    -5.3300

    183.6

    -2.9%

  • JRI

    -0.3900

    11.77

    -3.31%

  • BP

    -1.0800

    44.78

    -2.41%

  • CMSD

    -0.2420

    22.658

    -1.07%

The Pacific island nation that wants to mine the ocean floor
The Pacific island nation that wants to mine the ocean floor / Photo: William WEST - AFP

The Pacific island nation that wants to mine the ocean floor

A 1,000-tonne ship is exploring the far-flung South Pacific for riches buried beneath the waves, spearheading efforts to dredge the tropical waters for industrial deep-sea mining.

Text size:

Fringed by sparkling lagoons and palm-shaded beaches, Pacific nation the Cook Islands has opened its vast ocean territory for mining exploration.

Research vessels roam the seas searching for deposits of battery metals, rare earths and critical minerals that litter the deep ocean's abyssal plains.

The frontier industry is likened by some to a modern-day gold rush, and decried by others as environmental "madness".

AFP visited the sunburst-orange MV Anuanua Moana at the Cook Islands' sleepy port of Avatiu, where it loaded supplies before setting sail for the archipelago's outer reaches.

"The resource in our field is probably in the order of about US$4 billion in potential value," said chief executive Hans Smit from Moana Minerals, which converted the former supply ship into a deepwater research vessel.

It is fitted with chemistry labs, sonar arrays and sensors used to probe the seabed for coveted metals.

For two years it has sailed the Cook Islands, halfway between New Zealand and Hawaii, gathering data to convince regulators that deep-sea mining is safe.

While exploration is far advanced, no company has started mining on a commercial scale.

- Big business -

"I want to be mining before 2030," Smit said from the ship's tower, as whirring cranes loaded wooden crates of heavy gear below.

"Absolutely, I think that we can."

Large tracts of seabed around the Cook Islands are carpeted in polymetallic nodules, misshapen black globes encrusted with cobalt, nickel, manganese and other coveted metals.

Demand has been driven by the rise of electric vehicles, rechargeable batteries and durable alloys used in everything from construction to medicine.

The Cook Islands lay claim to one of just four major nodule deposits globally.

It is "the world's largest and richest resource of polymetallic nodules within a sovereign territory", according to Australia's University of Queensland.

Moana Minerals -- a subsidiary of a Texas-based company -- owns the rights to explore 20,000 square kilometres (7,500 square miles) within the Cook Islands' exclusive economic zone.

"If we put one mining ship on there, and we started producing metals, we will be one of the largest mines around," said Smit.

- 'Belongs to us' -

Few countries are as reliant on the ocean as the Cook Islands, a seafaring nation of some 17,000 people scattered across a chain of volcanic isles and coral atolls.

Pristine lagoons lure wealthy tourists that prop-up the economy, fridges are stocked with fish plucked from vibrant reefs, and local myths teach children to revere the sea.

Many Cook Islanders fear deep-sea mining could taint their precious "moana", or ocean, forever.

"I have seen the ship in the harbour," said tour guide Ngametua Mamanu, 55.

"Why do we need the mining stuff to destroy the oceans?"

Retiree Ana Walker, 74, feared foreign interests had come to plunder her island home.

"We think that these people are coming over to make money and to leave the mess with us."

Deep-sea mining companies tout the need for critical minerals to make electric vehicles, solar panels and other "green" technologies.

The idea holds some allure in a place like the Cook Islands, where climate change is linked to droughts, destructive cyclones and rising seas.

"If all goes well, there is good that can come out of it. Financially," said third-generation pearl farmer James Kora, 31.

"But it relies on how well we manage all those minerals. If the science says it's safe."

- 'Guinea pigs' -

Marine biologist Teina Rongo squinted into the sunlight as his small boat motored past the Anuanua Moana, an emblem of an industry he views with deep distrust.

"We were never about exploring the bottom of the ocean, because our ancestors believed it is a place of the gods," said Rongo.

"We don't belong there."

Deep-sea mining companies are still figuring the best way to retrieve nodules that can lie five kilometres (three miles) or more beneath the waves.

Most focus on robotic harvesting machines, which scrape up nodules as they crawl the ocean floor.

Critics fear mining will smother marine life with plumes of waste, and that the alien noise of heavy machinery will disrupt oceanic migrations.

Environmentalist Alanna Smith said researchers knew very little about the deep ocean.

"We'd really be the guinea pigs of this industry, going first in.

"It's a risky, risky move."

- Powerful friends -

A US-backed research expedition in the 1950s was the first to discover the "enormous fields" of polymetallic nodules in the South Pacific.

Waves of Japanese, French, American and Russian ships sailed the Cook Islands in the following decades to map this trove.

But deep-sea mining was largely a fringe idea until around 2018, when the burgeoning electric vehicle industry sent metal prices soaring.

Mining companies are now vying to exploit the world's four major nodule fields -- three in international waters, and the fourth in the Cook Islands.

The International Seabed Authority meets this month to mull rules that could pave the way for mining in international waters.

Although the Cook Islands can mine its territory without the authority's approval, it still has a stake in the decision.

The Cook Islands also own one of 17 contracts to hunt for nodules in the international waters of the Clarion-Clipperton Zone, halfway between Mexico and Hawaii.

So far, the Cook Islands has said its approach -- even in its own waters -- would be closely "aligned" with the authority's rules.

But it remains unclear if it will proceed without those regulations.

"We're not setting time frames in terms of when we want to get this started," said Edward Herman, from the Cook Islands' Seabed Minerals Authority.

"I think the time frames will be determined based on what the research and the science and the data tells us."

Many of the Cook Islands' South Pacific neighbours want to see deep-sea mining banned.

French President Emmanuel Macron delivered a scathing indictment in June, saying the "predatory" industry was environmental "madness".

But the Cook Islands has powerful friends.

It signed an agreement with China earlier this year for the "exploration and research of seabed mineral resources".

"There was a lot of noise," said Herman, referencing the backlash over the China deal.

"And obviously there's a lot of interest... whenever China engages with anyone in the Pacific.

"And we understand, we accept it, and we will continue."

A.Krishnakumar--DT