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Russian Federation : Ministry of Development has submitted its proposals in the sphere of subsoil use.

The Ministry of Development and Development together with the Ministry of Natural Resources prepared and submitted to the President of the Russian Federation proposals on the implementation of priority measures in the sphere of subsoil use. The Minister of the Russian Federation for the Development of the Far East and the Arctic, Alexander Kozlov, spoke about this at the last meeting chaired by the Deputy Prime Minister of the Russian Federation, Alexei Gordeyev, in the city of Magadan.

Magadan occupies a leading position in gold and silver. It is time to switch to diversification, including other mineral wealth, which Magadan is also rich with. We work very closely with the Ministry of Environment. And Deputy Prime Minister Alexei Gordeev was told what decisions were made and what else we are working out, said Alexander Kozlov.

One of the proposals made by the Ministry is the introduction in the FEFD of the declarative principle of the provision of subsurface resources with forecast resources of solid minerals of categories P1 and P2 for geological exploration. This will make it possible to increase the volume of extrabudgetary funding for geological exploration and the territory for prospecting for mineral deposits, and to increase the number of discovered deposits. The corresponding order was adopted by the Ministry of Natural Resources of Russia in May 2019.

In addition, a draft law is being prepared to increase the threshold value for classifying gold deposits as subsoil areas of federal significance from 50 to 200 tons.

This will help stimulate companies to look for large deposits and attract new investments in the economy. We are also working to reduce administrative barriers in the allocation of land and the development of the junior movement," commented Alexander Kozlov.

According to the head of the Ministry of Eastern Development, the issue of technogenic developments, which was instructed to create a working group, is important now. Because it is necessary to listen to two parties - not only those who write the laws, but also those who work under these laws. It is very important. For them, they are written, " said Alexander Kozlov.

Also at the meeting, the Minister of the Russian Federation for the Development of the Far East spoke about the infrastructure support provided by the Ministry of East

We support many large investment projects. This year, we are surrendering both bridges, and energy facilities, and roads. We provide individual infrastructure support in the implementation of large mining projects in the territory of the Magadan Region. Thus, we provided Polyus Magadan with a subsidy of 8.8 billion rubles for the construction of an infrastructure facility a power line. Entry of this object is scheduled for the third quarter of 2019. But the main thing is that there will appear a processing factory. And the processing industry is attracting people. A village can already be built around it, in which people can live, and not travel back and forth and view Magadan land as a watch. We are now looking, looking for such interesting projects and in the Magadan region they are, commented Alexander Kozlov.

According to the Federal Subsoil Use Agency, the balance reserves of ore gold in the Magadan Region are more than 1.9 thousand tons. In the region, companies work out 30 deposits. The largest of them are Natalka (79% of stocks), Pavlik (7.3%), and also Perekatnoye (5.7%). There are 12 small deposits in the undistributed fund with reserves of about 356 tons of primary gold. Also, 547 alluvial gold deposits with a total reserve of over 100 tons are distributed in Kolyma, which reaches 61% of all reserves in the Magadan Region.

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Publication:Mena Report
Geographic Code:4EXRU
Date:Jul 15, 2019
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