BRICS to establish a 'geological platform'
High raking officials Russian and South African officials discussed the prospect of establishing a “geological platform” for BRICS, the Russian Natural Resources Ministry said.
High-raking Russian and South African officials discussed the prospect of establishing a “geological platform” for BRICS, the Russian Natural Resources Ministry said.
"Alexander Kozlov, the minister of natural resources and environment of the Russian Federation, met with Mosa Mabuza, the chief executive officer of the Council of Geoscience of South Africa. The main topic of the discussion was establishing a 'geological platform' of the BRICS member states," the ministry said in a statement.
According to the statement, the platform will allow the BRICS member states to coordinate in regard to their mineral reserves and extraction methods in light of the increasing demand for natural resources.
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Meetings between geological experts of the BRICS nations will serve as the first stage for developing the platform; after which a memorandum will be adopted, according to the Russian ministry’s statement.
Kozlov added that the geological platform will be addressed in detail on March 30 during the meeting of the Russia-South Africa Intergovernmental Commission.
BRICS members account for 30% of the global gross output and 40% of the global population. The bloc includes the world's major developing countries: Brazil, Russia, India, China, and South Africa. It was also announced, recently, that a handful of medium-sized economies intend to join the bloc: Argentina, Algeria Iran, Indonesia, Turkey, Saudi Arabia, and Egypt.
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The minister also expressed hope that Iran's membership would result in "added values" for both sides.
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