**Executive Summary**
This document is a Memorandum of Understanding (MOU) between the Government of the Republic of India and the Government of the Republic of Mali, signed on January 11, 2012, in New Delhi. The MOU aims to promote cooperation in the field of geology and mineral resources. It is valid for five years from the date of signing, with automatic extension for another five years unless either party gives six months written notice before expiration.
**Key Points / Main Content**
* **Objectives of Cooperation:**
* Development of geological and mineral resources.
* Promotion of investment in mining and related activities.
* Encouragement of technology transfer.
* **Areas of Cooperation:**
* Prospecting, exploration, and mining development.
* Process R&D and beneficiation of ores and minerals.
* Training of personnel.
* Organization of seminars for exchanging development strategies.
* Promotion of high-level experts' visits to explore investment opportunities.
* Exchange of technical teams.
* Development of mineral deposits of Mali via public/private sector.
* Regular exchange of information on mineral resources, policies, and mining laws.
* Promotion of joint ventures in geological studies and mineral deposit development, including mineral processing.
* **Amendments and Dispute Resolution:**
* The MOU can be amended with mutual written consent.
* Disputes will be settled through amicable negotiations via diplomatic channels.
* **Implementation:**
* Activities are subject to the availability of funds, personnel, and respective countries' laws.
* The Ministry of Mines of the Republic of India and the Ministry of Mines of the Republic of Mali are responsible for the execution of the agreement.
* **Joint Working Group:**
* A Joint Working Group will be formed to coordinate the implementation.
* Meetings will be held annually, alternately in India and Mali.
* Composition, venue, and date of meetings will be determined by mutual agreement.
* **Financial Responsibility:**
* Each party will cover its own expenses related to activities and programs.
* **Validity and Termination:**
* The MOU is valid for five years and automatically extends for another five unless terminated.
* Termination requires written notice six months before expiration.
**Impact Analysis**
**The Government of the Republic of India (Ministry of Mines)**
* **Impact:**
* Facilitates international cooperation in geology and mineral resources.
* Opportunities for investment and technology transfer in the mining sector.
* Requires allocation of resources for joint activities and participation in the Joint Working Group.
* **Action Required:**
* Participate in the Joint Working Group meetings.
* Allocate resources for cooperative activities.
* Share information on mineral resources, policies, and regulations.
**The Government of the Republic of Mali (Ministry of Mines)**
* **Impact:**
* Benefits from geological expertise, investment, and technology transfer.
* Potential for developing its mineral deposits.
* Requires resource allocation and participation in the Joint Working Group.
* **Action Required:**
* Participate in the Joint Working Group meetings.
* Allocate resources for cooperative activities.
* Share information on mineral resources, policies, and regulations.
* Identify mineralized areas for development.
Key Entities Referenced
Memorandum of Understanding between The Government of the Republic of India and The Government of the Republic of Mali: A formal agreement for cooperation in geology and mineral resources.
Ministry of Mines of the Republic of India: One of the implementation organizations charged with the execution of the agreement.
Ministry of Mines of the Republic of Mali: One of the implementation organizations charged with the execution of the agreement.
Joint Working Group: A group to be formed to coordinate the implementation of the areas of cooperation under the Memorandum.
Mali: One of the countries party to the Memorandum, specifically concerning the development of its mineral deposits.
MEMORANDUM OF UNDEHSTANDING
BETWEEN
THE GOVERNMENT OF THE REPUBLIC OF INDIA
AND
THE GOVERNMENT OF THE REPUBLIC OF MALI ON
COOPERATION IN THE FIELD OF
GEOLOGY AND MINERAL RESOURCES
The Government of the Republic of lndia represented by the Ministry of
Mines and the Government of the Republic of Mali represented by the Ministry
of Mines (hereinafter individually referred to as 'Party' and jointly as
"Parties");
Desiring to promote and expand bilateral relations in the field of
geology and mineral resources between the two countries on principles of
equality and mutual benefit on a long and enduring basis;
And convinced that this Memorandum of Understanding would form the
basis of favourable conditions for development of bilateral relations;
Have reached the following understanding:-
ARTICLE
1
The objectives of mutual cooperation between the two Parties would
interalia, include:-
a) Development of geological and mineral resources;
b) Promotion of investment in the area of mining and mining
related activities;
c) Encouragement of transfer of technology between the Parties;
ARTICLE 2
The Parties shall promote cooperation, inter alia, in the following areas:
a)
Prospecting, exploration and mining development;
b)
Process R & D and beneficiation of ores and minerals;
c)
Training of personnel;d) Organisation of seminars to exchange views on development
strategies;
e) Promotion of high-level and experts' visits to explore the
investment opportunities;
Exchange of Technical Teams;
D
s) Development of mineral deposits of Mali by identifying the
mineralized areas, through publici private sector.
h) Regular exchange of information related to mineral resources/
reserves, policies, mining laws / regulation and projecis
identified for cooperation.
Promotion of joint ventures in the area of geological studies and
development of mineral deposits, including mineral processing.
ARTICLE 3
The present Memorandum can be amended with the mutual consent of
the parties in writing. All differences will be settled by way of amicable
negotiations through diplomatic channels.
ARTICLE 4
Activities pursuant to this Memorandum are subject to the availability of
funds and personnel, and to the laws and regulations of the respective
countries of the Parties.
ARTICLE 5
The implementation organisations charged with the execution of the
present agreement are:-
(a)
The Ministry of Mines of the Republic of lndia; and
(b)
The Ministry of Mines of the Republic of Mali.
ARTICLE 6
A Joint Working Group shall be formed to coordinate the
implementation of the areas of cooperation under this Memorandum. The
Joint Working Group shall meet once in every year alternately in lndia and in
Mali. The composition, venue and date of the meetings of the Joint Working
Group shall be determined by mutual agreement by the Parties.ARTICLE 7
Each Party will cover its expenses relating to activities and
programmes carried out by it towards the fulfilment of the objectives of the
MOU, including its participation in the meetings of Joint Working Group.
ARTICLE 8
This Memorandum shall enter into force on the date of its signing and
shall remain in force for a period of five (5) years and shall be automatically
extended for a further period of five (5) years, unless either of the two parties
notifies the other in writing at least six (6) months prior to the date of the
expiry of its validity, of its intention to terminate the Memorandum.
Done in New Delhi on this 11th day of January, 2012intwo originals in
the English, French and Hindi languages, all the texts being equally authentic.
ln case of doubt, the English text shall prevail.
For the Government of For the Government of
the Republic of lndia the Republic of Mali
tI
t
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ffi 'f VUr,areKHl
pinsRffatel; I
(Soumeylou Boubeye Maiga)
Minister of State for Mines Minister of Foreign Affairs and
(lndependent Charge) nternational Cooperation
I