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The Cook Islands will be ready to harvest precious metals from the ocean floor in just five years. Despite calls for a 10-year moratorium on seabed mining in the Pacific to allow time to conduct more environmental research, the Cooks are set to be the frontier of the new goldrush. With government insisting aid money will dry up because of the country’s graduation as a developed nation, the government says funding for expensive explorations into seabed mining will be harder to access.
