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China, Myanmar Sign MOU on Geology, Mineral Resources Cooperation
The Chinese Ministry of Land and Resources and the Myanmar Ministry of Mines reached a memorandum of understanding (MOU) on cooperation in geology and mineral resources Monday in Yangon.
The MOU designates that the two parties will encourage scientific research institutions and enterprises in geology and mineral resources under their respective ministries to establish and conduct the cooperation to promote investments on exploration, mining and utilization of mineral resources.
The MOU also designates that the areas of cooperation shall include, but not be limited to the six areas including mineral resources assessment and planning, mineral resources exploration and mining, and establishment of mineral resources information system.
The MOU adds that the two parties agreed to set up a Joint Cooperative Committee which shall meets in Beijing and Yangon alternately.
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