Mozambique and Angola to share investments and knowledge in the geology and mining sector

23 August 2013

Mozambique and Angola Wednesday in Maputo signed a memorandum of understanding to share investments and knowledge in the geology and mining sectors, Mozambique’s Mining Resources Minister Esperança Bias said.

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

“We want to use the knowledge the Angolan have (of diamond mining), in order to move on and better define whether Mozambique has diamonds or not and, if it does, in what amount and their locations,” said Bias.

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,” Angola’s Minister for Geology and Mining, Francisco Queiroz, who is in Maputo at his counterpart’s invitation, praised Mozambique’s experience in geology, calling for investment between companies from the two countries.

The Angolan minister gave assurances that his country “will share its experience with Mozambique of drawing up a Mining Code which creates greater transparency for geological and mining information.”

During Queiroz’s visit to the Mozambican Geology Museum, in Maputo, the director of the institution, Luís Costa Júnior, said it was possible that the Community of Portuguese-speaking Countries (CPLP) could establish a “geological and mining block”. (macauhub)