Nigeria and South Africa have forged stronger economic ties through a new Memorandum of Understanding (MoU) focusing on mining development. This agreement, resulting from the Nigeria–South Africa Bi-National Commission led by Presidents Bola Ahmed Tinubu and Cyril Ramaphosa, aims to enhance collaboration on solid minerals exploration, technology sharing, and industrial progress.

During a bilateral meeting in Abuja, Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, and South Africa’s Minister of Mineral Resources and Energy, H.E. Gwede Mantashe, formalized the agreement. Dr. Alake referred to the signing as a pivotal moment for both nations, set to unlock Africa’s mineral potential and foster regional integration.

Alake stated, “The Memorandum of Understanding in geology, mining, and mineral processing signed today… will serve as a cornerstone for facilitating knowledge and technology transfer.” He stressed the importance of deeper mining cooperation, which could lead to industrialization, job creation, and sustainable development.

Mantashe praised Nigeria’s commitment to mining, expressing South Africa’s intent to collaborate closely. He noted, “This partnership allows us to share knowledge and pursue practical, mutually beneficial projects.” The MoU encompasses areas such as geological mapping, training in mineral processing, and geoscientific data exchange through the Nigeria Geological Survey Agency.

Both ministers believe this agreement will enhance their nations’ mining sectors, boost intra-African trade, and support economic integration. They pledged to ensure the implementation of the MoU is effective and timely, furthering the shared ambitions of both countries.

The MoU between Nigeria and South Africa marks a significant advancement in their mining collaboration, promising mutual benefits through knowledge sharing and resource management. This initiative aims to strengthen economic ties, enhance the mining sector, and promote sustainable development across the continent. Both nations are committed to its successful implementation, reflecting their strategic partnership for industrial growth.

Original Source: thesun.ng

The post Nigeria and South Africa Strengthen Economic Ties with Mining Agreement first appeared on Nigerian Mining News.

Nigeria and South Africa have furthered their mining partnership by signing a Memorandum of Understanding (MoU) during a bilateral meeting between Nigeria’s Minister of Solid Minerals Development, Dr Dele Alake, and South Africa’s Minister of Mineral Resources and Energy, H.E. Gwede Mantashe. This collaboration aims to enhance bilateral relations and focus on the vital mining sector, presenting opportunities for industrialisation and sustainable growth across Africa.

The MoU covers several aspects, including:
– Capacity building in geological applications using Unmanned Aerial Vehicles (UAVs).
– Utilisation of Multi- and Hyper-spectral Remote Sensing Technologies for mineral exploration.
– Sharing of geoscientific data via the Nigeria Geological Survey Agency (NGSA).
– Training on mineral processing and value addition.
– Exploration of agro and energy minerals in Nigeria.

Alake expressed that Nigeria’s wealth in minerals can benefit from South Africa’s mining expertise, paving the way for investment and skills development. Meanwhile, Mantashe noted that South Africa can gain significantly from Nigeria’s renewed interest in its mining sector.

The renewed partnership between Nigeria and South Africa through the MoU signing reaffirms their commitment to economic cooperation in mining. By focusing on knowledge transfer, technology sharing, and capacity building, both nations aim to enhance their mining sectors, boost intra-African trade, and ultimately drive sustainable growth and job creation across the continent.

Original Source: blueprint.ng

The post Nigeria and South Africa Strengthen Mining Partnership with MoU first appeared on Nigerian Mining News.

Nigeria and South Africa have signed a Memorandum of Understanding (MoU) aimed at enhancing bilateral cooperation in the mining sector. This agreement is a significant milestone in the Nigeria-South Africa Bi-National Commission’s initiatives and was formalised in a meeting in Abuja between Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, and South Africa’s Minister of Mineral Resources, H.E. Gwede Mantashe.

Dr. Alake highlighted the historical and economic ties rooted in mutual respect, noting the potential for the mining collaboration to create jobs, foster industrialisation, and contribute to sustainable growth in Africa. He stated that the MoU focuses on areas such as technology transfer, investment promotion, and regional integration, envisioning substantial benefits for both nations.

Key features of the MoU include:
– Capacity building using Unmanned Aerial Vehicles (UAVs)
– Use of Multi- and Hyper-spectral Remote Sensing for mineral exploration
– Sharing geoscientific data via the Nigeria Geological Survey Agency (NGSA)
– Training on mineral processing and value addition
– Capacity building on Elemental Fingerprint Technology using LA-ICP-MS
– Exploration of Agro and Energy minerals in Nigeria.

Dr. Alake stressed Nigeria’s commitment to revitalising its mining sector, highlighting the potential for South African expertise to leverage Nigeria’s mineral wealth for mutual economic benefit. Minister Mantashe expressed that South Africa stands to gain from Nigeria’s mining revitalisation and aimed to solidify agreements that benefit both countries.

The MoU signing included various officials from both countries, ensuring a collaborative commitment to boost intra-African trade and operationalise actionable steps delineated in the agreement. Both ministers expressed optimism that this partnership would significantly elevate the mining industries in their respective nations.

The MoU between Nigeria and South Africa signifies a strategic partnership aimed at enhancing collaboration in the mining sector, fostering knowledge transfer, and driving economic growth. Both countries aim to leverage their respective strengths to spur industrialisation, job creation, and investment opportunities. A shared commitment to revitalising the mining industry indicates a focused approach towards development and collaboration in Africa.

Original Source: guardian.ng

The post Nigeria and South Africa Sign MoU to Boost Mining Cooperation first appeared on Nigerian Mining News.

Nigeria and South Africa have signed a memorandum of understanding (MoU) aimed at enhancing cooperation in the mining sector. This agreement was established during a meeting between Dele Alake, Nigeria’s minister of solid minerals development, and Gwede Mantashe, South Africa’s minister of mineral resources, in Abuja. The MoU details collaboration areas with implementation timelines, reinforcing the partnership forged through the Nigeria–South Africa Bi-National Commission established by Presidents Bola Tinubu and Cyril Ramaphosa.

Key components of the MoU include:
– Capacity building in geological applications with unmanned aerial vehicles (UAVs)
– Use of multi- and hyperspectral remote sensing technologies for mineral exploration
– Sharing geo-scientific data on strategic minerals via the Nigeria Geological Survey Agency (NGSA)
– Training in mineral processing and adding value
– Capacity building in elemental fingerprint technology using LA-ICP-MS
– Exploration of agro and energy minerals in Nigeria.

Alake described this achievement as a significant milestone in improving bilateral relations, particularly in mining. He noted the historical ties and mutual respect that underpin Nigeria and South Africa’s long-standing diplomatic and economic partnerships aimed at Africa’s development.

He stated that collaboration in mining offers substantial possibilities for industrialisation, job creation, and sustainable growth on the continent. Alake highlighted the MoU as pivotal for knowledge transfer, investment promotion, regional integration, and value addition. He expressed Nigeria’s determination to enhance its mining sector while leveraging South Africa’s expertise.

Mantashe expressed that South Africa, heavily reliant on mining, could gain from Nigeria’s renewed interest in this sector. His visit was to refine previous agreements and reinforce cooperation on joint projects. Both ministers confirmed their commitment to ongoing collaboration to enhance intra-African trade, which will support the objectives outlined in the MoU.

This signing event was attended by key officials, such as Shuaibu Audu, minister of steel development, and permanent secretaries from both solid minerals and steel development ministries, alongside members of the South African delegation led by Mantashe.

The MoU between Nigeria and South Africa signifies a critical step towards enhancing collaboration in the mining sector, focusing on capacity building and technology transfer. Key areas include mineral exploration, shared data, and training initiatives. Both countries reaffirmed their commitment to use this partnership to drive industrialisation and sustainable growth, benefiting their economies and intra-African trade.

Original Source: www.thecable.ng

The post Nigeria and South Africa Strengthen Mining Cooperation with MoU first appeared on Nigerian Mining News.