Far East | Materials, extraction

Kamchatka’s $230m commodity surveys aired

8 Dec '09
Kamchatka has approved a $230+m regional program aimed at geological explorations over the next three years, RIA Novosti reports, citing a source in the regional government.

Of the amount, $22m is reportedly expected from federal coffers.

As a result of geological surveys planned, regional officials say, estimated reserves of natural resources are expected to grow by 10 billion cu. m of gas, 150 tons of gold, 25 tons of platinum, and 500,000 tons of nickel.

With the above achieved, Kamchatka will reportedly get another $6.7bn worth of estimated reserves of natural resources.
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Locations: Kamchatka

Tags: platinum (7) / gas (492) / nickel (43) / resources (25) / program (164) / gold (117) / geological explorations (0) /

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