Nigeria and South Africa signed a MoU to enhance mining cooperation through investment, knowledge sharing, and technology exchange, aiming to boost both nations’ mining industries.
Nigeria and South Africa have signed a Memorandum of Understanding (MoU) aimed at enhancing mining cooperation, emphasizing investment and technology transfer. The agreement was formalised in Abuja by Dele Alake, Nigeria’s Minister of Solid Minerals Development, and Gwede Mantashe, South Africa’s Minister of Mineral Resources and Energy. This initiative is part of the Nigeria–South Africa Bi-National Commission framework.
The MoU outlines specific areas for collaboration, featuring defined timelines for joint activities in the mining sector. According to Segun Tomori, Alake’s Special Assistant on Media, both ministers are committed to strengthening intra-African trade and applying the agreement’s practical steps. They foresee significant enhancements in both countries’ mining industries through shared expertise.
Key collaborations include capacity building in geological methods using UAVs, and the application of remote sensing technologies. Additional areas pertain to geoscientific data sharing via the Nigeria Geological Survey Agency, training in mineral processing, and initiatives for value addition, alongside supporting biodiversity in mineral exploration.
The MoU between Nigeria and South Africa marks a significant step towards enhancing mining cooperation. It focuses on investment, knowledge exchange, and technology transfer, while aiming to strengthen both countries’ mining sectors. This collaboration highlights the importance of regional integration and shared expertise for sustainable economic development in Africa.
Original Source: businessday.ng