The Planning Viewpoint Of A Small Island Nation

A very small nation with large seabed resources requires a strategy. The simplest approach is to duplicate every step taken by the United Nations (UN), in its own leasing programme. In addition, the smaller nations must sell itself and its competitive offering. It is one thing just to await applicants and/ or tenders, another to work to make the leasing seem like a very good idea. This cap be achieved through publications, correspondence, meetings (such as the Underwater Mining Institute, but especially through pro-active planning, seeking the ideal technologies in both harvesting and processing. The ideal would be some combination that could begin quickly and on a small scale. It must be within the UN environmental guidelines. To meet the "quick and small criteria," simple harvesting and physical processing methods must be given the highest priority. Once these are satisfied, then marketing studies can be completed. There is, of course, a market for every element but only careful engineering and cost analysis will determine accessibility. What is required is a stepwise approach, gaining greater and greater credibility at each step. In fact, much planning can be done for very low cost. In the Cook Islands, the first crucial step was the East-West Center publication which pulled together all facts in one volume and which found the local resource to be richer in significant ways than Clarion-Clipperton. Most seem to believe that it could be many years before full production is possible, but this has been conventional wisdom for so long that it has taken on the suspicious aura of myth. Is it real? Have all possible recent technologies such as robotics and physical processing been taken into account? Either way, it is essential that a comprehensive approach be taken so that all factors from resource to market are considered as inter-related until a single business plan emerges. When that is in hand and when its profitability and risk levels are found to be credible, adequate investment funds are available.