India and Namibia Sign Mineral Development Agreement

1 September 2009 (Last Updated September 1st, 2009 18:30)

The Indian Government has signed a five-year mineral development agreement with Namibia for the exploration of uranium, diamond and gold resources. India’s Information and Broadcasting Minister Ambika Soni said that Namibia has abundant zinc, uranium, gold, copper and diamond reserves,

The Indian Government has signed a five-year mineral development agreement with Namibia for the exploration of uranium, diamond and gold resources.

India’s Information and Broadcasting Minister Ambika Soni said that Namibia has abundant zinc, uranium, gold, copper and diamond reserves, according to steelguru.com.

The Memorandum of Understanding will provide a framework for mineral resources development and promote mining investment between the two nations.

A joint working group with members from the two countries will be collaborating to work towards implementing the agreement, the news service reports.