Maputo, Mozambique — 26 August 2013 – The governments of Mozambique and Angola have signed a memorandum of understanding allowing them to share investments and knowledge in the geology and mining sectors of the two countries.  

Angola’s knowledge of diamond mining and Mozambique’s experience in geology are the two main areas of interest that Mozambique and Angola plan to leverage with this deal, reports Macauhub News Agency.

Announcing the agreement here, Mozambique’s mining resources minister Esperança Bias said:  “We want to use the knowledge the Angolans have of diamond mining in order to move on and better define whether Mozambique has diamonds or not and, if it does, in what amounts and their locations,” Bias added.

The Minister also said that “state companies from both countries would establish how to move ahead with joint geological work.

Giving assurances of Angola’s interest in “Mozambique’s potential,” Angolan minister of geology and mining, Francisco Queiroz, praised Mozambique’s experience in geology, calling for investment between companies from the two countries.

The Angolan minister gave assurances that his country would share its experience with Mozambique of drawing up a mining code which created greater transparency for geological and mining information.

Source: Macauhub News Agency. For more information, click here.