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    MCX and Mozambique Commodities Exchange Sign MoU For Strategic Co-Operation (Company Update)

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    Shyam Sunder
    MCX, India's largest commodity exchange, has signed a Memorandum of Understanding with Mozambique Commodities Exchange (BMM) to collaborate strategically. The exchanges will share knowledge and expertise to help develop commodity markets in Mozambique. They aim to facilitate collaboration in areas like knowledge sharing, research, and capacity building. This alliance intends to create more efficient markets and strengthen trading between Asia and Africa, benefiting stakeholders in both regions. BMM hopes to learn from MCX's experience to better serve Mozambique and develop its markets for agricultural and other commodities like metals, energy and coal.

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    MCX and Mozambique Commodities Exchange Sign MoU For Strategic Co-Operation (Company Update)

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    Shyam Sunder
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    MCX, India's largest commodity exchange, has signed a Memorandum of Understanding with Mozambique Commodities Exchange (BMM) to collaborate strategically. The exchanges will share knowledge and expertise to help develop commodity markets in Mozambique. They aim to facilitate collaboration in areas like knowledge sharing, research, and capacity building. This alliance intends to create more efficient markets and strengthen trading between Asia and Africa, benefiting stakeholders in both regions. BMM hopes to learn from MCX's experience to better serve Mozambique and develop its markets for agricultural and other commodities like metals, energy and coal.

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    MCX and Mozambique Commodities Exchange sign MoU for strategic co-operation [Company Update]

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    MCX, India's largest commodity exchange, has signed a Memorandum of Understanding with Mozambique Commodities Exchange (BMM) to collaborate strategically. The exchanges will share knowledge and expertise to help develop commodity markets in Mozambique. They aim to facilitate collaboration in areas like knowledge sharing, research, and capacity building. This alliance intends to create more efficient markets and strengthen trading between Asia and Africa, benefiting stakeholders in both regions. BMM hopes to learn from MCX's experience to better serve Mozambique and develop its markets for agricultural and other commodities like metals, energy and coal.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    50 views3 pages

    MCX and Mozambique Commodities Exchange Sign MoU For Strategic Co-Operation (Company Update)

    Uploaded by

    Shyam Sunder
    MCX, India's largest commodity exchange, has signed a Memorandum of Understanding with Mozambique Commodities Exchange (BMM) to collaborate strategically. The exchanges will share knowledge and expertise to help develop commodity markets in Mozambique. They aim to facilitate collaboration in areas like knowledge sharing, research, and capacity building. This alliance intends to create more efficient markets and strengthen trading between Asia and Africa, benefiting stakeholders in both regions. BMM hopes to learn from MCX's experience to better serve Mozambique and develop its markets for agricultural and other commodities like metals, energy and coal.

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    of 3

    MCX

    METAL & ENERGY


    Trade with Trust

    September 21, 2016

    MCX/SEC/1132

    The Dy. General Manager


    Corporate Relations & Service Dept.,
    The BSE Limited,
    Phirojsha Jeejibhoy Towers,
    Dalal Street,
    Mumbai 400 001.
    Scrip code: 534091 Scrip ID: MCX
    Sub.: Press Release - MCX signing a Memorandum of Understanding with
    Mozambique Commodities Exchange for strategic Co-operation
    Dear Sir,
    Please find attached herewith the press release pertaining to the company signing a
    Memorandum of Understanding with Mozambique Commodities Exchange (also known
    as Bolsa De Mercadorias De Mocambique, or BMM) for strategic Co-operation.
    We request you to kindly disseminate the same for the information of public at large.
    Thanking you,
    Yours faithfully,
    For Multi mmodity Exchange of India Limited
    Ashwiri-M. Patel
    Dy. Company Secretary
    Encl: as above

    MULTI COMMODITY EXCHANGE OF INDIA LTD.


    EXCHANGE SQUARE, SUREN ROAD, ANDHERI (EAST), MUMBAI 400 093, INDIA. TEL: +91-22-6731 8888, FAX: +91-22-6649 4151, www.mcxindia.com
    CIN L51909MH2002PLC135594, [email protected]

    MCX

    METAL & ENERGY


    Trade with Trust

    Press Release
    MCX and Mozambique Commodities Exchange sign MoU for strategic co-operation
    Mumbai, September 20,2016 : Multi Commodity Exchange of India Limited (MCX),
    India's no. 1 commodity exchange, and the Mozambique Commodities Exchange (also
    known as Bolsa De Mercadorias De Mocambique, or BMM), today signed an
    Memorandum of Understanding (MoU) for strategic co-operation.
    BMM envisages to develop Mozambican commodity markets ecosystem consisting of
    energy, base metals and agricultural products in an endeavor to deliver better value to the
    stakeholders. MCX intends to work with BMM to help Mozambique realize its potential
    behind its resource rich economy through sharing its market, institutional, and capacity
    The exchanges aim to continue facilitating potential
    development expertise.
    collaboration in areas such as sharing of knowledge, research, experiences etc., which is
    expected to result in opening up of new avenues of mutual cooperation.
    Mr. Mrugank Paranjape, MD & CEO, MCX said, "We are pleased to be associated
    with the efforts of the Mozambique Commodities Exchange to develop their commodities
    markets. I am sure this alliance will surely go a long way in creating more efficient
    markets and strengthen trading among the Asian and African regions benefiting each
    other's stakeholders. We look forward to a longstanding and gratifying partnership with
    BMM. We are also pleased to have Mr. Antonio do Rosario Grispos, CEO of the
    Mozambique Commodities Exchange in our midst in Mumbai."
    Mr. Antonio do Rosario Grispos, CEO of BMM said, "This act that we testify today,
    for us is a huge significant step in the consolidation of a commodities exchange market in
    Mozambique, especially dedicated to agricultural commodities and not only, that
    Mozambique is rich of. Through this agreement, the technicians of BMM can learn from
    the successful experience of MCX, by its know-how and understand the vicissitudes of a
    commodities market inserted in a global market, in order to better serve the BMM and
    Mozambique."
    "The choice of MCX, is not only due to its excellent performance in the ranking of the
    best world commodities exchanges, but is also due to the history of the peoples of these
    two nations (Mozambique and India), where according to official records last at least five
    (05) centuries of commercial and social exchanges, which makes all of us a living
    heritage of this legacy. I am confident that with this agreement the conditions are created
    for a greater cooperation between the parties, and I would like to ensure that we will do
    our best to honor it", Mr. Grispos added.

    www.mcxindia.com

    MCX

    METAL & ENERGY


    Trade with Trust

    About MCX:
    Having commenced operations on November 10, 2003, Multi Commodity Exchange of
    India Limited (MCX) is India's first listed, national-level, electronic, commodity futures
    exchange with permanent recognition from the Government of India. MCX offers the
    benefits of fair price discovery and price risk management to the Indian commodity
    market ecosystem. Various commodities across segments are traded on MCX. These
    include bullion, energy, metals and agri commodities. The exchange has forged strategic
    alliances with various international exchanges, as well as Indian and international trade
    associations. For more information about MCX and its products visit
    www.mcxindia.com.
    About BMM
    The Commodities Exchange of Mozambique (BMM) was created in 2012 by the
    Mozambican Government through Decree No. 36/2012 of 17 October, as a public entity,
    endowed with legal personality, administrative and financial autonomy and is
    administratively under the responsibility of the Minister who oversees the Trade Sector.
    BMM started its operation in 2014 and held its first intermediation of agricultural
    commodities in 2016. BMM is the first and unique commodity exchange in Mozambique.
    BMM manages silos facilities and warehouses assigned by the Government. In this first
    phase, BMM trades agricultural commodities and in the near future will transact oil and
    gas, precious metals and coal. For more information on BMM and its products visit
    wvvw.bmm.co.mz
    For further details, contact:
    Shivani Sharma
    Manager - Communications
    Mobile: +91 98333 76243
    Shivani.sharmaamcxindia.com

    www.mcxindia.com

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