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SA, Chile: Scope for energy, mining co-operation

SA, Chile: Scope for energy, mining co-operation

Aug 11, 2014

South Africa and Chile are looking to advance their trade and investment ties, especially in mining and energy, it emerged after President Jacob Zuma and his Chilean counterpart, Michelle Bachelet Jeria, held talks at the Union Buildings in Pretoria on Friday 8 August 2014.

Bachelet, who was on a two-day state visit, received a proudly South African welcome at the Union Buildings, complete with a military parade and a 21-gun salute.

Speaking to journalists after her talks with Zuma, she said her visit was the perfect moment to establish new momentum in cooperation between Pretoria and Santiago. “We truly believe that South Africa and Chile are like-minded countries. We share a lot of values. We believe that we can also bring resources from both countries to cooperate trilaterally with the less developed countries of Africa, joining efforts and funds.”

Chile has expressed an interest in South Africa’s energy and mining sectors, two key pillars in the country’s economy. There are numerous opportunities for cooperation between the two countries in pollution and emissions control, as well as the development of alternative energy sources.

Zuma said that, with South Africa being a major investor in the Chilean mining sector, there was huge potential for an exchange of technologies to promote a safer mining environment. This would be imperative as Chile moved from open-pit to underground mining.

Zuma said South Africa was ready to share its expertise in this field, with an agreement on cooperation in the field of mineral resources in sight. “We have agreed that dialogue between the relevant ministries should take place to discuss cooperation,” he said.

South Africa is Chile’s largest trading partner in Africa, and the largest foreign investors in the Chilean mining sector. South African companies also regularly participate in large international mining exhibitions in Chile.

The top exports from South Africa are steel and steel products, which amounts to 61.6% of total exports.

Source: Southafrica.info, SAnews.gov.za ~ Read full story here.

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