BAKU, Azerbaijan, May 21. On May 20, a
Memorandum of Understanding (MoU) on cooperation aimed at promoting
the development of the mining industry was signed between the
Republic of Azerbaijan and the Kingdom of Eswatini, Trend reports via
AzerGold.
On behalf of the Republic of Azerbaijan, the document was signed
by Zakir Ibrahimov, Chairman of the Board of "AzerGold" Closed
Joint Stock Company (CJSC), and on behalf of the Kingdom of
Eswatini, by His Royal Highness Prince Lonkhokhela, Minister of
Natural Resources and Energy.
The bilateral cooperation document covers areas such as mining
industry development, geological exploration, technical
cooperation, and investment opportunities, opening up new prospects
for both sides. According to the Memorandum, "AzerGold" CJSC and
the Ministry of Natural Resources and Energy of the Kingdom of
Eswatini will cooperate in the exchange of geological, commercial,
and regulatory data, geological exploration, laboratory testing,
mineral resource evaluation, and the implementation of feasibility
studies.
Furthermore, within the framework of the Memorandum, the parties
will work towards reviewing potential joint projects, investment
models, and service contracts. In accordance with the document, the
establishment of joint working groups, organization of reciprocal
site visits, exchange of information and experience, exploration of
opportunities for establishing new business relations, as well as
the organization of conferences, seminars, and other joint events
are envisioned.
The signed Memorandum will serve to deepen cooperation between
the two countries and develop a long-term partnership in the mining
sector.
