Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

This text is translated into Russian by google automatic human level neural machine.
EastRussia is not responsible for any mistakes in the translated text. Sorry for the inconvinience.
Please refer to the text in Russian as a source.

From auctions to applications: access to subsurface resources in the Far East and the Arctic is simplified

From auctions to applications: access to subsurface resources in the Far East and the Arctic is simplified
Photo: pixabay.com
The Ministry of Environment and Development and the Environment Ministry reported on the launch of a new mechanism for the provision of subsurface resources in the Far East and the Arctic. If previously subsoil plots with predicted resources Р1 and Р2 were provided solely on the basis of the results of auctions, then now any subsoil areas where there are no confirmed reserves can be provided on the declarative principle. There are two principal limitations: this measure is only for solid minerals, and one person can receive no more than three subsoil plots during a calendar year.

The simplification of the mechanism of access to subsoil sites for the purposes of geological exploration was discussed at the core session held at the Fourth Eastern Economic Forum in September 2018. It was then that the Ministry of Natural Resources and the Ministry of the East was committed to making adjustments to the procedures that would increase the opportunities for entrepreneurs to explore the fields, find and confirm mineral reserves.

According to the Deputy Minister for the Development of the Far East and the Arctic, Alexander Krutikov, “this is a very good incentive for private investment in geological exploration and exploration of deposits. We expect 20 – 30% increase in such investments annually. ”