India, China Sign Mou On Mining Sector

India, China sign MoU on mining sector

http://www.indiainfoline.com/news/news.asp?dat=71269

5th December 2005

The Minister of Mines, Sis Ram Ola, said on Monday that India and China have recently signed a Memorandum of Understanding (MoU) to strengthen ties in the field of mining. It seeks to exchange information on mining investment, legislation and exploration; promote cooperation in research policies and regulations, technical assistance, training programmes and joint ventures in third countries.

It has been agreed that the subordinate organizations like Geological Survey of India, Indian Bureau of Mines and Public Sector Undertakings under the administrative control of the Ministry of Mines shall identify the projects of mutual interest with their Chinese counterparts to implement the MoU.

No specific areas have so far been identified to undertake the cooperation for development of minor industry, mineral resources assessment and technology transfer. However, the projects could be identified on mutually agreeable basis between the two sides on any of the specific areas embodied in the MoU.