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In the Far East will create junior companies for exploration
The Far East Investment Promotion and Export Support Agency (ANO IPA), together with the largest federal exploration companies, is adapting to Russian conditions and will launch the junior companies segment. They will engage in attracting investment in exploration for the discovery of deposits.
As the Deputy General Director of ANO IPA Daniil Polovinka noted, the issue of supporting junior companies was recently discussed at a meeting in Magadan under the leadership of Deputy Prime Minister and Presidential Envoy to the Far Eastern Federal District Yuri Trutnev. It was he who commissioned the Agency to help the first junior company established in Kolyma. According to the press service of ANO API, the same support will be given to companies in other regions of the Far East.
The junior company of the Magadan region has already received three search licenses for sites with resource potential. Also, together with the mining enterprises of the region, it will conduct exploration work in Kolyma.