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Overview of the SPC-EU Deep Sea Minerals Project_Presentation 2

Overview of the SPC-EU Deep Sea Minerals Project_Presentation 2

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Published by Seni Nabou

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Published by: Seni Nabou on Jun 14, 2011
Copyright:Attribution Non-commercial


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Overview of the SOPAC-EU EDF10 Deep SeaMinerals Project
DSM Project Regional WorkshopNadi, Fiji6
June 2011 Akuila TawakeSPC/SOPAC Division
Regional Approach Concept
‡The regional approach concept was necessary based on the following:‡Request for assistance by PICs to SPC/SOPAC Division, CommonwealthSecretariat, and the Pacific Islands Forum Secretariat;‡Recent upsurge in offshore minerals exploration within the EEZ of PICs;‡Lack of specific policy, legislation and regulations for the governance of deep sea mineral resources;‡The need for harmonised legal and fiscal regimes for the managementof offshore mineral resources in the region;‡The need for a common platform (i.e. a regional framework) from whichnational offshore minerals policy, legislation and regulations can bedeveloped.
Project Funding and Implementation‡
EU has agreed to provide 4.7 million Euro to support theimplementation of the project in 15 PICs;‡The Financing Agreement was signed by the EU and SPC in August 2010;‡The DSM Project is to be implemented by the SOPACDivision for a period of 4 years (i.e. 2011 ±2014);‡Project Staff recruitment has been completed with the recentappointment of the Legal Adviser and Project Assistant.

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