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Indian companies want to mine coal and precious metals in the Far Eastern Federal District - EastRussia | Far East

Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

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Indian companies want to mine coal and precious metals in the Far Eastern Federal District

Indian companies want to mine coal and precious metals in the Far Eastern Federal District
Photo: pixabay.com

The three largest Indian companies became interested in coking and thermal coal projects in the Far Eastern Federal District. This was reported in the Agency of the Far East for attracting investment and export support. The potential for developing deposits in the Indian business mission region was presented in Vladivostok.

During the session, participants were told about the prospects for developing coal deposits in Kamchatka. Its total balance reserves amount to 260,8 million tons. And the forecast resources are 4591 mln tons. Indian investors have already entered the region. The Tata Power company is implementing a project to develop the Krutogorovskoye field.

Indian companies are also interested in the extraction of base metals, which are used, for example, in mechanical engineering - these are lead, zinc, tin and copper. Supplies of gold-silver concentrates could attract the attention of jewelry concerns in India to the Far Eastern Federal District. The receiving party made an emphasis on the potential of the Magadan deposits, which until now have been undeservedly ignored by investors.

“The past session is a stage of preliminary negotiations between the Indian states and the Far Eastern regions. I suppose that their interaction and the implementation of specific projects will be discussed in more detail at the Fifth Eastern Economic Forum in September this year, ”said Alexander Volkov, Managing Director of the Investment Department of ANO IPA.