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 signed a Memorandum of Understanding (MoU) aimed at enhancing mining cooperation. The agreement, signed by Nigeria’s Solid Minerals Development Minister, Mr Dele Alake, and South Africa’s Mineral Resources Minister, Mr Gwede Mantashe, focuses on investment, knowledge exchange, and technology transfer. This collaboration arises from efforts to strengthen ties under the Nigeria–South Africa Bi-National Commission framework.

The MoU details specific collaboration areas with set timelines for joint activities within the mining sector. Both ministers vowed to enhance intra-African trade and take actionable steps as outlined in the agreement. They expressed optimism that this partnership would substantially benefit both countries’ mining industries through shared expertise and innovation.

Key initiatives include capacity building in geological methods using UAVs, spectral remote sensing technologies for mineral exploration, and joint training in mineral processing. The MoU also advocates for effective geoscientific data sharing and exploration of agro and energy minerals within Nigeria, aiming to advance regional integration.

Mr Alake highlighted the potential for industrialisation, job creation, and sustainable development in Africa through this bilateral cooperation. He reiterated that Nigeria intends to develop its mining sector, leveraging South Africa’s technological expertise to attract investments and diversify its economy for long-term growth.

Mr Mantashe praised the agreement and its significance for South Africa, emphasizing the importance of strengthened cooperation between the two nations.

The signing of the MoU between Nigeria and South Africa marks a significant step towards enhancing mining sector cooperation. By focusing on investment, technology transfer, and knowledge exchange, both countries aim to improve their mining industries. This partnership highlights the potential for increased intra-African trade and economic development, paving the way for mutual benefits through collaboration.

Original Source: businesspost.ng

The post Nigeria and South Africa Forge Mining Cooperation Agreement first appeared on Nigerian Mining News.

Nigeria and South Africa are enhancing their bilateral relations with a new Memorandum of Understanding (MoU) signed by their Ministers of Solid Minerals Development. The MoU aims to promote collaboration in the mining sector, reflecting recent efforts to solidify ties through the Nigeria-South Africa Bi-National Commission inaugurated by Presidents Bola Ahmed Tinubu and Cyril Ramaphosa.

The MoU was established during a bilateral meeting in Abuja between Nigeria’s Dele Alake and South Africa’s Gwede Mantashe. Alake highlighted the historical cooperation based on mutual respect and a shared vision for Africa’s development, emphasizing the mining sector’s potential to drive industrialisation and job creation.

He pointed out that the MoU will facilitate technology transfer, investment promotion, and value addition. Nigeria’s focus on developing its mining industry can benefit from South Africa’s expertise in the field, fostering investment, skill development, and economic diversification.

Mantashe acknowledged that South Africa could profit from Nigeria’s heightened interest in mining, aiming to refine agreements from their Bi-National Commission to enhance joint projects. Both ministers pledged to maintain engagement and collaborate to advance intra-African trade, confident that their partnership will significantly benefit their respective mining sectors.

Key highlights of the MoU include:
1. Capacity building in geological applications with UAVs.
2. Use of Multi- and Hyper-spectral Remote Sensing Technologies.
3. Sharing geoscientific data on strategic minerals via the Nigeria Geological Survey Agency.
4. Training on mineral processing and value addition.
5. Capacity building on Elemental Fingerprint Technology using LA-ICP-MS.
6. Exploration of agricultural and energy minerals in Nigeria.

The signing of the MoU between Nigeria and South Africa marks a significant advancement in their mining sector collaboration. By focusing on capacity building, technology transfer, and exploration, both countries aim to unlock the vast potential of their mineral resources, benefiting their economies and enhancing trade within Africa.

Original Source: von.gov.ng

The post Nigeria and South Africa Strengthen Mining Collaboration Through MoU first appeared on Nigerian Mining News.