By Business Reporter – Thursday 28 February 2019
HARARE (Mining Index) – THE inaugural Bi-National Commission (BNC) held today by President Emmerson Mnangagwa and his Botswana counterpart Mokgweetsi Masisi saw Harare and Gaborone sign six Memorandum of Understandings (MoUs), including one on co-operation in geology, mining and metallurgy.
In his speech, Foreign Affairs and International Trade minister Sibusiso Moyo said the MoU is meant to enhance cooperation in the mining sector, especially the diamonds sector.
“The two presidents underscored the importance of the Memorandum of Understanding on geology, mining and metallurgy in enhancing cooperation in the mining sector especially in the diamond sector where Botswana has considerable experience and expertise.”
Botswana is the second largest diamond producer in the world after Russia. In 2016, Zimbabwe was ranked 8th in the top 10 world diamond producers.
The geology, mining and metallurgy MoU follows the launch of the new diamond policy in December 2018 which spell out the need to spearhead exploration, mining, processing, valuation, marketing, beneficiation, value addition, as well as the issues of capacity building, security and law enforcement.
The MoU was signed by minister of Energy and Power Development Jorum Gumbo who was standing in for Mines and Mining Development minister Winston Chitando. ENDS//