MOSCOW, March 13 (Xinhua) -- The Russian Natural Resources Ministry said Wednesday it had compiled and sent to the government for consideration a comprehensive plan to develop the country's Arctic resources to 2030 and beyond.
The plan includes 118 projects aimed at the development and processing of the mineral resource base of the Arctic zone of Russia and related infrastructure support, the ministry said in a statement.
It also covers projects in the field of shipbuilding, ecology, tourism and various other sectors, compiled on the basis of proposals sent by nine northern Russian regions, government institutions, public organizations and strategic industrial companies, it said.
In particular, the document analyzes the viability of more than quadrupling the cargo flow along the Northern Sea Route to 80 million tons a year by 2024 in accordance with a decree of Russian President Vladimir Putin.
An increase in the projected volume of cargo traffic through the Northern Sea Route is possible with the timely commissioning of all planned coal and oil projects, as well as the implementation of a number of promising infrastructure projects, the statement said.
The implementation of the plan will require 10.5 trillion rubles (160 billion U.S. dollars) of extra-budgetary investments, the statement said.
About CHINA MINING
Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.
CHINA MINING Conference and Exhibition 2018 Was held at Meijiang Convention and Exhibition Center in Tianjin in October 18-20, 2018. We invite you to join the event and to celebrate the 20th anniversary of CHINA MINING with us. For more information about CHINA MINING 2018, please visit: www.chinaminingtj.org.