The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Just a week ago Putin signed below and now Medvedev approved Far East Development plan...:
The President of the Russian Federation signed a law on the development of technologies for the extraction of TR&Z
December 03, 2019
From 2020, amendments to the Federal Law "On Subsoil" will enter into force.
December 3, 2019, NEDRADV. The Law "On Subsoil" has been amended on the procedure for granting the right to use subsoil blocks for geological exploration, exploration and production of hard-to-recover minerals (TRiZ). The document was signed by Russian President Vladimir Putin.
According to the new document, a new type of subsoil use is introduced into the law - the development of technologies for geological exploration, exploration and mining. The specific types of TRiZ, in respect of which the rights to use subsoil will be granted for this purpose, will be determined by the government.
Sites will be allocated by decision of the commission at the request of the subsoil user. The commission will include representatives of Rosnedra and executive authorities of the corresponding constituent entity of the Russian Federation.
The law provides for the provision of TRiZ plots on a competitive basis for a period of up to 15 years with the possibility of repeated extensions for five years, and under a combined license - up to seven years with the possibility of a single extension for three years.
In addition, subsoil users involved in the development of technologies for geological exploration, exploration and production of hard-to-recover minerals are exempt from paying one-time and regular payments for the use of subsoil
Mikewho&re back to your cave!
Fool me once, shame on you. Fool me eight times ...
Yes, as previously noted, amc mentioned too. Plan was submitted back in March 2019, please see below:
“One of the main areas of the program is the implementation of investment and infrastructure projects aimed at ensuring the rapid development of the Far Eastern Federal District, as well as the competitiveness of the Far East in comparison with the Asia-Pacific countries. For example, the development of industry is proposed through the implementation of new investment projects that either are already working in the region or are offered for implementation in the future.
Among the proposals for the development of the mining industry are the implementation of the development of the Elga gold ore deposit, the Kun-Manye copper-nickel deposit and the Ogodzhinsky coal deposit, as well as the construction of the Erkovetsky open pit”
https://www.amurobl.ru/posts/news/gubernator-regiona-predstavil-svodnye-predlozheniya-ot-priamurya-v-natsionalnuyu-programmu-razvitiya/
Any mention of AMC in this plan
1.56trillion ruble investments!!!
The amount of financing will amount to 1.56 trillion rubles.
The national program for the development of the Far East was approved by Russian Prime Minister Dmitry Medvedev. This was announced by Deputy Prime Minister - Presidential Envoy in the Far Eastern Federal District Yuri Trutnev at a press conference in the framework of the Days of the Far East in Moscow.
On November 5, the Ministry for the Development of the Russian Federation submitted to the government a draft national program for the development of the Far East, which was finalized by order of the President of the Russian Federation Vladimir Putin.
https://www.google.co.uk/amp/s/tass.ru/ekonomika/7334463/amp
Breaking news! Far East Development Plan Approved by Prime Minister Medvedev!!!!
December 13, PrimaMedia. Prime Minister Dmitry Medvedev approved the national development program for the Far East has been approved, reports IA PrimaMedia. This was announced by Deputy Prime Minister - Presidential Envoy in the Far Eastern Federal District Yuri Trutnev at a press conference in the framework of the Days of the Far East in Moscow.
A program for the development of the Far East has already been prepared for a report to Russian President Vladimir Putin.
“For people to come to the Far East and stay in the Far East, living conditions should not be worse, but better and better than in the central territory of Russia - this is medicine, education, the condition of roads and so on,” said Yuri Trutnev.
The document should ensure economic growth rates that exceed one and a half times the national average, increase the quality of life of the population of the Far East to a level higher than the national average, as well as stop the migration outflow