Deep-sea mining

Deep-sea mining

Data available to date indicates that the seabed of Marshall Islands is rich in rare metals like cobalt and titanium, as well as nickel and platinum. The prices of nickel, and platinum have more than tripled in the past 5 years, making it attractive to further investigate opportunities in these minerals.

Technology is constantly evolving that should make exploitation of deep-sea mineral a possibility. OCI is working closely with organizations like International Seabed Authority and SOPAC to exploit these opportunities.

Read the Policy Document – (Draft)

Read the Legislation Document – (Draft)

Read the Deep-Sea Mining Cost – Benefit Analysis  (CBA)

NOTE: The Above Policy & Legislation are awaiting RMI Parliament’s approval in the August 2015 Parliament cessian.

RMI Deep-Sea Mining Database

Database is now available for seabed of Marshall Islands.
(Information below)

Google Earth Placemark Mean:

YELLOW DOT –
The report outlines survey sites where voyages did sonar and took samples
There were 13 sites in total that were investigated‏ ‎12‎:‎08‎ ‎PM At each site there may have been one sample or multiple samples‏.

The surveys were done over a few years by a number of organisations.

SPC SOPAC has a summary for RMI in the DSM register that highlights each of these sights‏ ‎12‎:‎09‎ ‎PM this does not include work
done by US Geological Survey (USGS) after 2002.

It is for known investigations between 1996 and 2002.

Korea, Japan and SPC SOPAC partnerships‏.

GREEN DOT –
Placemark it to the atolls and the islands.
(Click Link below and follow DOT color info)

Read the Information Brochure 12
Read the DSM Manganese Nodules
Read the Supporting Excercises

The following are investment opportunities:

  • Fishing
  • Cold storage & refrigeration facilities
  • Fish processing & canning
  • Service center, providing vessel & net repair, refueling, wholesale & retail
  • Fishing vessels
  • Fish farming

Marshall Islands is an active member of the:

  • Parties to the Nauru Agreement (PNA);
  • Pacific Islands Forum Fisheries Agency; and
  • Western & Central Pacific Fisheries Commission

Majuro has the necessary infrastructure and facilities for fishing activities, including:

  • A deep-water harbor with container handling facilities,
  • A fish based complex equipped with bulk icing facility,
  • A 10 million liter bulk fuel storage bunker facility,
  • Regular international shipping service, and
  • An international airport with regular direct flights to Guam & Honolulu

Current investors include:

  • Luen Thai Fishing Venture, a subsidiary of Luen Thai International Group of Hong Kong
  • Koo’s Fishing Company of Taiwan
  • Shanghai Deep Sea Fisheries Co Ltd of Shanghai, China parent company on Pan Pacific Foods – exports 2,000 metric tons of semi processed fish per year since 2008
  • Hukilau Foods of Honolulu, a subsidiary of Kauai’s Grove Farm Co.
  • Diamond Head Seafood Company of Hawaii