Cook Islands Investment Corporation Seabed Resources Limited (CIICSR)

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Directors: 
Mr Michael Henry (Chairperson)
Mr Philip Hermans
Mr Mark Short
Mr Kris Van Nijen
Mr Joshua Mitchell

General Manager:   Mr Eusenio Fatialofa

The CIIC Seabed Resources Limited (CIICSR) is a Corporate Crown Entity and was established under the Companies Act 1970 on 02 November 2017. The Cook Islands Government, through the Cook Islands Investment Corporation (CIIC), and Global Sea Mineral Resources (GSR) entered into a Framework Agreement in 2013 with regards exploration for and possibly harvesting of Polymetallic Nodules in the Cook Islands licensed International Seabed Authority (ISA) area and the Cook Islands Exclusive Economic Zone. Further dialogue ensued while GSR incorporated a branch in the Cook Islands (GSR-CI), and a formal JV Agreement (between CIIC, GSR and GSR CI) was entered into in July 2016.

To Matou Orama

“Te akara matatio e te rave anga i te au angaanga tau no te minera toka puapinga i roto nei i te moana oonu o te pae Kuki Airani EEZ e te pae koropini CCZ, ta angaanga ia mai na roto i te kite mana mekemeka e tei riro no te akamatutu meitaki anga i te turanga ora o te basileia Kuki Airani.”

Our Vision

The exploration and harvesting of polymetallic nodules in the deep-sea, within the licensed areas of the Cook Islands EEZ and International waters of the CCZ, using innovative technologies and sustainable practices to bring about economic growth for the Cook Islands.

Performance in 2021/2022:

  • Staffing and Capacity Building through corporate governance professional director training program and the governance portal – Diligent Board Books
  • Developed a CI National Building Program for CI nationals
  • CIIC Seabed Minerals Limited was granted an Exploration License by the SBMA Licensing Panel

Outlook:

  • Preparation and planning for the CCZ and EEZ offshore campaigns with scientific partners and execution of an offshore campaign
  • Employment of training of Cook Islanders in line with the CI National Building Program that was developed

More to explorer

All systems go for Te Tau Papa o Avarua Phase 1 Project

Cook Islands Investment Corporation (CIIC) is overseeing management of Te Tau Papa o Avarua Phase 1 Project, which will be completed in two stages at an approximate cost of $7.6 million. It will serve as part of the larger 20