Far East | Materials, extraction

Kamchatka’s $230+m 3-y geological survey announced

1 Jan '10
Kamchatka authorities and companies have $230+m plans for regional geological survey over the next three years, RIA Novosti reports, citing a source in the regional government.

Under plans, surveys are expected to boost gas reserves forecasts by 10 billion cu. m; gold reserves by 150 tons; and platinum reserves by 25 tons.

If results are fitted in with the prognoses, the total worth of newly explored resources will be more than $6.7bn.

At the moment, Kamchatka’s hydrocarbon reserves are reportedly estimated to be around 150 million tons of oil and 800 billion cu. m of natural gas. Explored gold reserves are 150 tons; platinum reserves around 900 kilograms.
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Locations: Kamchatka

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