Russian Foreign Ministry refutes reports about alleged deportation of Russians from SerbiaRussian Politics & Diplomacy October 28, 19:07
Moscow slams US marines’ deployment in NorwayRussian Politics & Diplomacy October 28, 18:57
Photos of the week: fire in a giant migrant camp, Trump's flag hug and a 'river of sheep'Society & Culture October 28, 18:49
Finance ministers of Russia and Ukraine can meet if Kiev's debt is recognized as sovereignBusiness & Economy October 28, 18:48
US-led coalition increases intensity of air strikes near Mosul — Russian General StaffWorld October 28, 18:02
Russian General Staff asks Putin for permission to continue strikes at militants in AleppoRussian Politics & Diplomacy October 28, 17:56
Russian tennis chief favors relocating ATP World Tour Finals to Moscow from LondonSport October 28, 17:51
DPR official says Kiev beefs up positions deploying rocket artillery to DonbassWorld October 28, 17:48
Israeli investors arrive in Crimea to assess venues for future investment projectsBusiness & Economy October 28, 17:26
MAGADAN, November 28 (Itar-Tass) — Chinese companies intend to participate in the development of gold, silver and other metals in Russia’s Kolyma. Two agreements to this effect were signed between the Magadan Region, China Nonferrous Metal Industry’s Foreign Engineering and Construction Company and the South Western Mining Company (China).
Under the agreement Chinese specialists will study the prospects for the development of lead and zinc deposits in the Susuman and Omsukchan districts of the Magadan Region with the intentions to conduct geological prospecting and involve the explored deposits in development, the press service of the Kolyma authorities reported on Monday. The second agreement is targeted at geological prospecting with further development of antimony, mining silver and gold at the deposits in the Olsk district.
Director General of China Nonferrous Metal Industry’s Foreign Engineering and Construction Company Wang Hongqian said that the corporation cooperates efficiently with 30 countries and now “the Chinese side is very satisfied that the Magadan Region was put on the list of its business partners.”
Kolyma Governor Nikolai Dudov, who signed the agreements with Chinese partners, noted that investment cooperation envisages mutual interests. “For the Magadan Region this is reflected in keeping and building up its economic potential. Cooperation also has a social aspect. China will participate directly in the development of social and economic infrastructure of those municipal entities in the Magadan Region, where investment projects will be implemented,” the governor said,
Kolyma is planning to bring the gold mining to 100 tonnes annually by 2020.