India and Canada Seal Mining Deal

11 July 2010 (Last Updated July 11th, 2010 18:30)

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 Fores

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 recognises 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.