ASEAN seeks to strengthen minerals cooperation

Participants join the workshop (Photo: asean.org)

During the two-day workshop, participants discussed the initial findings and recommendations from the drafts of the DPAMC Study and the AMDIS Scoping Report under the “Strengthening ASEAN Cooperation in Minerals” project.

The DPAMC Study will stock-take existing ASEAN minerals development and cooperation in the context of global markets and minerals industry, and propose corresponding regional strategies and measures.

The study’s recommendations are expected to help define the future direction of ASEAN minerals cooperation and will be considered in the development of Phase 2 (2021-2025) of the ASEAN Minerals Cooperation Action Plan.

Meanwhile, the development of an effective ASEAN minerals database is crucial to minerals cooperation which includes facilitating much needed investment into minerals exploration and development in the region. AMDIS Scoping Study’s recommendations are expected to be considered in the enhancement of the current system.

Both project components aim to promote economic activities in the post-COVID-19 period, as well as ASEAN’s efforts to respond to the challenges and opportunities of a more minerals-intensive future.

The project is a collaboration between the Energy and Minerals Division of the ASEAN Secretariat and the ASEAN-Australia Development Cooperation Programme II, along with a team of experts from the University of Queensland. The final reports are expected to be completed by November 2021./.

VNA