Toronto, Canada – Mineral Resources Minister Adv. Ngoako Ramatlhodi has, on behalf of the South African government, signed a Memorandum of Understanding (MoU) with Canada on cooperation in mining and mineral development.
The MoU, concluded on the sidelines of the Prospectors and Developers Association of Canada conference held this week in Toronto, was signed by Minister of International Trade Ed Fast on behalf of the Canadian government.
“Minister Fast and I affirmed the commitment of partnership between our governments when we signed this MoU,” Minister Ramatlhodi said.
The MoU entails cooperation between South Africa and Canada in encouraging increased reciprocal investment in exploration and prospecting activities, with a particular focus on the junior to mid-tier mining sector. The MoU further asserts intent on cooperation and collaboration in the areas of skills development, technical expertise and experience as well as value addition and beneficiation.
“The signing represents South Africa’s commitment to global partnerships in development and serves to further encourage more Canadian and South African companies operating throughout the mining and minerals value chain to deepen the special relationship we have established over the years and formalized today,” the Minister said.