Photo: 123rf/ [email protected]

The Commonwealth of Northern Mariana Islands (CNMI) stands to gain nothing economically from deep sea mining in federal waters.

That was the blunt assessment from economist Clement "CJ" Bermudez Jr, who told a packed forum on 3 December that, unlike independent Pacific nations, such as the Cook Island, which can issue their own licenses and directly reap profits from seabed minerals, the CNMI, Guam, and American Samoa have no automatic claim to revenues because they are US territories and the proposed mining area lies within the United States' Exclusive Economic Zone.

The proposal is to mine in the seabed within the 200-mile EEZ of the Marianas - the CNMI and Guam.

"All licensing, royalties, monitoring, and enforcement are federal functions," Bermudez said.

"There's no automatic revenue sharing between the federal government and the CNMI when it comes to the US model for deep sea mining and

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