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India signs MoU for cooperation in mineral resources

New Delhi, India: The Ministry of Mines of India and the Ministry of Energy and Resources of the Province of Saskatchewan, Canada, signed a Memorandum of Understanding (MoU) to establish a cooperation programme in the field of geology and mineral resources.

The other areas identified for cooperation include Geoinformatics, particularly spatial data generation, management and geoinformation, including mining tenement application, environmental technologies and services, including sustainable development of technologies and techniques.

The MoU aims at establishing a basis for development of geological and mineral resources, to promote investment in mining and related activities like mineral exploration and development, to encourage and foster mining investment, transfers of technology and joint ventures in India and Saskatchewan.

Known as very advanced in the mining sector, the Canadian Province Saskatchewan is known world over as an important producer of minerals including potash, uranium, oil and gas, diamonds, etc and is an important trade partner of India.

Source: Yahoo