Far East | Materials, extraction | Industry, manufacturing

Far Easts Amur region considers metal and coal-mining clusters

7 Dec '12
The Amur regional government and a group of local businesses have inked a memo that calls for the development of metal and mining as well as coal-mining clusters in the area, news agency RIA Novosti reports citing a source in the regional administration.

Companies that signed the memo reportedly include sizable energy and financial entities such as Far East Energy Consortium, MOST.RU Group, and also the regional Far East and Baikal Region Development Fund.

The project will take several years to complete and calls for the development of a number of iron ore deposits in the Amur region, as well as construction of a steel-making factory, railroads, and highways. The region expects the ambitious project to create at least 40,000 new jobs in the area.

The partners will cooperate in the drafting and realization of the cluster projects and also in the overall revamping of local infrastructure, the Amur administration said.

Regional authorities are happy to have as a partner the Far East and Baikal Region Development Fund. It is a growing government entity, for which Russian President Vladimir Putin promised additional funding earlier this month, thus boosting its capitalization by an impressive 200 times.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
Find Related Content

Locations: Amurskaya oblast

Tags: Far East and Baikal Region Development Fund (1) / metal and mining cluster (0) / coal cluster (0) /

Latest News: Far East
27 Oct '21 | Technology & innovation
20 Oct '21 | Technology & innovation
3 Sep '21 | Finance, business | Transport, logistics

Feature stories

8 Oct '21
Chemists at the St. Petersburg State University...
2 Aug '21
From enhancing the properties of existing materials...
24 May '21
Biophysicists have looked into the way vitally...
Search (News archive - 22789)
Marchmont Tech Solutions_ENG
Marchmont News

Latest News

26 Oct '21
St. Petersburg scientists have completed polymer...
25 Oct '21
Researchers at Skoltech have offered a simple and...
22 Oct '21
A new device, developed by a Russian start-up and...

Most read stories from last week

26 Oct '21
St. Petersburg scientists have completed polymer...
27 Oct '21
Floating robots-ecologists will be tested on the...
27 Oct '21
Convolutional neural networks are used to sort waste....