Martin Ferguson AM MP, the Federal Minister for Resources and Energy, and His Excellency Hern?n de Solminihac, the Chilean Minister of Mining, signed the Memorandum of Understanding for Bilateral Co-operation in the Mining Industry in Melbourne in September.
Building on the previous MoU signed in 2006 between the two countries, the new enhanced, extended agreement enables further collaboration in the resources sector, in areas such as safety, exploration, research and development and the use of mining technology and related services.
Mr Ferguson said the new MoU signalled both countries? desire to continue fostering productive intergovernmental and commercial relationships well into the future.
?This MoU embodies the spirit of co-operation we saw unfold at San Jos? last year,? he declared. ?It provides for more opportunities to share knowledge and experience on mine safety and emergency management, the value of which was clearly demonstrated in Chile last year when the industry came together internationally in a way that was instrumental to the success of rescue operations.
?Australia and Chile have much to share in the management and safety of mining operations. As major mining nations we are each well placed to also promote regional co-operative activities in our respective regions.
?With minerals accounting for a significant share of both countries? total exports, promoting additional trade and investment and strengthening commercial ties between us will increase our mutual prosperity.
?The MoU highlights our shared interest in further developing the direct and indirect benefits to the economies of both nations from well-managed and sustainable mining.?
In August, Australia demonstrated its credentials in this field with the launch of the new reference guide for sustainable mining in Australia and overseas.
Mining is a key industry in Chile, accounting for around 21 per cent of GDP in 2010 and Chile is a growing export market for Australia?s expertise in mining technology and services.
Source: Federal Department of Resources, Energy and Tourism