10
February
2006
Representatives of East-Siberian Metals Corporation, gave a presentation of a project to develop the Ozernoye field to Buryatia's leadership
On 8 February, in Ulan-Ude, the capital city of
Buryatia, there took place a conference where representatives of
the corporation East-Siberian Metals gave to Buryatia's president
Leonid Potapov and members of the republic's government the
company's report on the progress made under the licensing agreement
to develop the complex deposit Ozernoye, and outlined a plan for
its development in 2006.
The company reported that phase one of the
licensing agreement had been completed: the front end engineering
design to develop the field had been produced on schedule and filed
with the Gosgortekhnadzor [RF State Committee for Supervision of
Safe Working Practices in Industry and for Mine Supervision] 14
December.
Buryatia's leaders also discussed with the
company's representatives the question of building a railway line
Mogzon-Ozernoye using the resources of the RF Investment Fund.
The East-Siberian Metals representatives
indicated that a bid was being prepared for the tender to build a
railway line, to be financed by the federal investment fund. An
agreement had already been reached with the government of the
Republic of Buryatia to set up a task force for the railway
project.
The conference over, Buryatia's authorities expressed their
satisfaction with the activities of IFC METROPOL in Buryatia.
