India and Canada Seal Mining Deal

Source: mining-technology  (7/12/10)

"MOU to boost cooperation and investment in mineral resources."

India and the Canadian Province of Ontario have signed an agreement to boost cooperation and investment in the field of geology and mineral resources.

The Memorandum of Understanding was signed between India Mines Minister B K Handique and Minister of Northern Development, Mines and Forestry Michael Gravelle.

Handique said the agreement will promote Canadian investment in the fields of mining, mineral exploration and exploitation, and will encourage and foster mining investment, transfer of technology and joint ventures, reports India's Economic Times.

Gravelle said the agreement recognizes the mutual interests of the countries in the mining sector, including geosciences development, mineral exploration, mine development, mine rehabilitation, health and safety and value-added processing.

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