MOSCOW TIME: 20.04.2024 00:31:29
The Government of the Chukotka Autonomous District and JSC Chukotka Mining & Geological Company (a subsidiary of Kinross Gold corporation) have executed a memorandum of understanding pursuant to which the parties agree to cooperate to develop road infrastructure at Chukotka.
Chukotka Government and Kinross Gold intend to jointly develop regional transport infrastructure
The Government of the Chukotka Autonomous District and JSC Chukotka Mining & Geological Company (a subsidiary of Kinross Gold corporation) have executed a memorandum of understanding pursuant to which the parties agree to cooperate to develop road infrastructure at Chukotka.
"Our company has experience in constructing all-season roads under the conditions of the Extreme North, which roads are intended to be used to make deliveries to and from our mining enterprises," Clod Schimper, the Regional Vice President for Russian Projects, told. "I'm sure that this expertise will be also useful for developing Chukotka's regional road infrastructure.
Kinross Gold is going to prepare a front-end engineering design in connection with the construction of a 'Pevek-Ruitkuchi' road with its scope of work including field survey engineering, preliminary geotechnical surveys, metocean, geotechnical and environmental researches, preparation of feasibility study and calculations for the project. The indicative amount to be paid by the company to finance the pre-FEED work exceeds RUB 22 million.
Kinross Golds is a Canadian gold-mining company featuring projects in Russia, the USA, Chili, Brasilia, Ghana and Mauritania. Kinross Gold has been operating in Russia since 1995 and as of today is a major foreign company investing in the country's gold-mining sector and a major Canadian investor for the Russian economy.
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