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Canadian "Kinross Gold" informed the Ministry of Natural Resources about the results of its work in Chukotka
Denis Khramov, Deputy Minister of Natural Resources and Environment of the Russian Federation, held a working meeting with the executive vice president of the corporation "Kinross Gold "by James Crossland, the press service of the department reports.
In particular, Khramov informed the company about the ongoing work of the Russian Ministry of Natural Resources to improve the investment climate and further increase the investment attractiveness of the mineral resources sector of the Russian economy.
Including, D. Khramov spoke about improving Russian legislation in the field of subsoil use, including simplifying the procedure for licensing geological studies of solid mineral deposits, taking fiscal incentives for subsoil users, and reducing excessive administrative barriers.
Deputy Minister stressed the effectiveness of the work "Kinross Gold ”at the Kupol and Dvoinoye fields in the Chukotka Autonomous Region, and also noted the company's active work in preparing analytical materials on attracting foreign investment in the Russian mining industry.
During the negotiations, representatives ofKinross Gold informed about the progress in preparing the report with recommendations for further stimulating geological exploration and mining of precious metals by attracting private (including foreign) investment in the Russian mining industry.
The presentation of the report is scheduled for the annual Plenary meeting of the Consultative Council on Foreign Investment in Russia (FIAC) in October 2014. We recall that this topic was previously discussed at the St. Petersburg International Economic Forum in May 2014 during the meeting of the Minister of Natural Resources and Environment of the Russian Federation Sergey Donskoy with the CEO of the corporation “Kinross Gold »by Paul Rollinson.
Representatives of "Kinross Gold "also reported on the current results of their production activities in Russia. Following the meeting, the parties expressed their willingness to continue working contacts on issues of effective subsoil use.
Recall Kinross Gold is the largest Canadian investor in Russia and one of the largest foreign investors in the mining industry. The company is engaged in the extraction of silver and gold in Chukotka's Kupol and Dvoinoye deposits.