BAKU, AZERBAIJAN – The government of Eswatini has signed a cooperation agreement with AzerGold Closed Joint Stock Company that is expected to help develop the country’s mining industry.
The signing took place at the Fairmont Hotel yesterday where the country was represented by the Minister for Natural Resources and Energy, Prince Lonkhokhela, while Chairman of the Executive Board of AzerGold Closed Joint Stock Company of the Republic of Azerbaijan, Zakir Ibrahimov, signed for the company.
The Bilateral cooperation includes areas of mining development, geological exploration, technical cooperation, and investment opportunities. The Memorandum of Understanding (MoU) establishes a framework for discussions and potential cooperation on mutually beneficial mining projects.
Under the agreement, the Ministry of Natural Resources and Energy and AzerGold will cooperate in several strategic areas, including the identification and preliminary assessment of mining opportunities, exchange of geological and technical information, feasibility studies, laboratory testing and the sharing of expertise and best practices within the mining sector.
The agreement further provides for the organization of reciprocal visits, consultations, conferences, seminars and the establishment of joint working groups to facilitate cooperation and strengthen institutional collaboration between the two parties.
Another importance of the partnership lies in unlocking opportunities for sustainable development, investment promotion, skills transfer and economic growth within the mining sector.
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