Nigeria and South Africa have signed an MoU to enhance mining cooperation, focusing on investment and technology transfer. The agreement includes capacity building, geological methods, and data sharing. Both nations aim to strengthen their mining sectors through this collaboration, promoting regional integration and economic development.
Nigeria and South Africa have entered into a Memorandum of Understanding (MoU) aimed at enhancing cooperation in the mining sector. This agreement, signed in Abuja by Dele Alake, Nigeria’s solid minerals development minister, and Gwede Mantashe, South Africa’s mineral resources minister, is part of the Nigeria-South Africa Bi-National Commission initiative.
The MoU outlines specific areas for collaboration, including investment, knowledge sharing, and technology transfer, alongside a timetable for joint initiatives in mining. Both ministers committed to fostering intra-African trade and implementing the practical measures outlined in the agreement to strengthen the mining industries of both nations.
Key aspects of the MoU include:
– Capacity building in geological methods using UAVs.
– Implementation of spectral remote sensing technologies for mineral exploration and mapping.
– Geoscientific data sharing via the Nigeria Geological Survey Agency.
– Training in mineral processing and value addition.
– Capacity building in elemental fingerprinting with LA-ICP-MS.
– Joint exploration of agro and energy minerals in Nigeria.
Minister Alake highlighted the potential for bilateral cooperation to drive industrialisation and economic development across Africa. He stated, “The agreement on geology, mining, and mineral processing will foster knowledge exchange, promote investment, and encourage regional integration.” He expressed Nigeria’s aim to leverage South Africa’s technological expertise to enhance its own mining sector, attract investments, and create economic stability.
The Nigeria-South Africa mining cooperation agreement marks a significant step towards enhancing bilateral collaboration in the mining sector. This partnership is aimed at building capacity, fostering technology transfer, and ultimately driving economic growth and stability in both countries. With specific areas of focus outlined in the MoU, there is optimism for a mutually beneficial relationship that could serve as a blueprint for other African nations seeking to strengthen intra-continental ties.
Original Source: gazettengr.com