27 Jan 2011

Cooks government presented with mining request

8:45 am on 27 January 2011

Canada's Endeavour Financial Corporation is again lobbying the Cook Islands Government for a deep sea mineral exploration licence.

Endeavour, a merchant bank which focuses on the mining sector, wants to investigate whether the nodules of manganese and other minerals can feasibly be extracted.

The company first approached the Cooks government in 2008 but the then administration refused to enter into any agreements as seabed mining legislation hadn't been put in place.