Criteria for gold sites may be increased to 250 tons

A draft law to increase the criteria of sites rating as areas of federal importance to 250 tons has been introduced.

A draft law on specification of criteria of subsoil areas rating as sites of federal importance is coordinated now, the Deputy Minister of Natural Resources Denis Khramov reported during his visit to Canada to the World Mining Congress, which unites specialists and scientists from different countries, who work in the field of solid mineral deposits development.

“In our opinion, it’s necessary to increase the criteria of sites rating as areas of federal importance to 250 tons from the current 50, because gold deposit with 50 tons of reserves, discovered in a distant district, doesn’t cover costs for its development, - Denis Khramov noted. According to him, in the future the attribution of subsoil areas to the federal importance won’t be based on forecasted assessment of resource potential, but will be carried out after the entering of minerals reserves on the balance sheet”.

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