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Chukotka started active development of the Baim ore zone
According to the press service of the government of the Chukotka Autonomous Okrug, in the near future, the region will begin active development of the Baim ore zone. Governor Roman Kopin, as well as representatives of the Fund for the Development of the Far East and the Baikal Region, LLC CJSC Basic Metals and GDK Baimskaya signed the relevant agreement.
The parties unanimously agreed that the creation of highly efficient production facilities oriented to exports to the APR countries will stimulate the outstripping development of both Chukotka and the entire Far East.
The total resource potential of Baimskaya area exceeds 27 million tons of copper and 2 thousand tons of gold, which allows it to be classified as a giant field. According to experts, additional revenues to the Russian treasury may exceed 92 billion rubles up to 2025. The functioning of projects will give jobs more than 16 thousand people.