ASEAN Ministers of Mines have agreed to jointly promote the ASEAN region to become a sustainable mining investment destination and continue cooperation on improvement of mining development with governance, economy, society and environment.
The joint agreement was made in the 9th ASEAN Ministerial Meeting on Minerals (AMMin) and Its Associated Meetings under theme of Promoting ASEAN as Sustainable Mineral Investment Destination held here on Nov. 23 under the chairmanship of KeoRottanak, Minister of Mines and Energy of Cambodia.
It was preceded by the 23rd ASEAN Senior Officials’ Meeting on Minerals (ASOMM), the 16th ASOMM Plus Three Consultation and the 7th Meeting of the Board of Judges for the ASEAN Mineral Awards.
The 9th AMMin High-Level Dialogue and the Awarding Ceremonies for the 3rd ASEAN Minerals Awards (AMA) were also held in conjunction.
The 9th AMMin adopted the Declaration on Promoting ASEAN as an Investment Destination for Sustainable Minerals Development, which affirmed ASEAN’s shared commitment to develop its mineral resources and contribute to securing an adequate and steady supply of metals and minerals to meet rising minerals demand and to fuel industrial expansion across ASEAN while encouraging responsible sourcing of mineral inputs and products to boost the region’s competitiveness and continued access to global markets.
The Declaration highlighted the opportunities arising from the shifting trends of global minerals demand and the expected intensity of minerals use that are driven by the global transition towards low carbon technologies and the demands of the twin energy and digital revolutions, in addition to meeting the continuing material needs of modern economic growth.
The Meeting also directed the ASEAN Senior Officials on Minerals (ASOMM) and its Working Groups to develop an ASEAN Mining Vision to chart the progressive development of ASEAN as a regional investment destination, potentially contributing to diversifying global supply chains.AKP-CheaVannak
Source: Khmer Times
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<p>Time: 2024 By: Ministry of Industry and Trade</p>
