Coal

Factors of investment attractiveness of coal mining in Chukotka are due to the following factors:

High profitability of export to APR is the main factor of investment attractiveness of the coal mining branch of the Chukotskiy AO;
Developmental work of delivery schedules of coal mined in Chukotka to Primorskiy Krai, Magadanskaya Oblast and the Republic of Yakutia.
Comparatively low (for the region of the Extreme North) cost of extraction and transportation is provided by the fact that major coal resources with low occurrence depth are located primarily in the coastal zone;
Prospective projects, such as building a factory for production of brown coal fuel briquettes having quality and economic advantages if used as stove fuel, which will make it possible to increase the cost of the products of the branch;
Financial support of the branch by the Government of the Chukotskiy AO in the amount of 400 million rubles, modernization and reconstruction of equipment in functioning businesses;
Stable growth of demand and prices for energy coal by 1.5-2% per year and coking coal by 3% a year for the next 20 years.

The growth of current assets in the coal mining industry of the CHAO expected by 2020 should amount to not less than $115 mln. This figure may grow considerably, if the branch is able to use the favourable export situation.

Anadyr

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COMMENTS

The program of economic development in Chukotka can be carried out, considers vice-premier of government CHAO M. Sobolev.

First of all, the long-term program leans on resources of peninsula. Let’s begin that geological resources of Chukotka are explored today on 10 %-17 %. The next regions are explored much better. And even on these, tentative estimations resources here can be found. The proved resources of gas on the Priosernoe deposit - 7,3 billion cubic meters. Oil resources are estimated approximately in 10 million tons, the proved stocks make 4 million tons of them. They are dispersed on small Fields, such, as Hatirskoe, where extraction is conducted by "Sibneft" company. But it is not necessary to dismiss a shelf – it’s insufficiently studied yet, but there are data, that it’s resources can make up to 14 billion tons of conditional fuel. Exxon Mobile Company in similar ice conditions, in Baffin bay has constructed 7 platforms. What prevents to construct them here?
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Reindeer breeding can be profitable: E. Marochkin acting on the head of agriculture and foodstuffs department makes comments.

There was a moratorium on an industrial slaughter of deers in district till 2006. But now it is removed, farms have allocated a contingent for commodity slaughter this year. It is planned to hand over in a trading network about 9 thousand deers this year. Within the limits of national project the agrarian and industrial complex have got slaughter area on terms of financial leasing which is assembled in Kanchalan. Basically its value is in that correctly cut production will receive a trade look and will answer all established norms. The livestock of deers for September, 1st - from above 183 thousand. It’s below the level of 1990 (490 thousand heads), nevertheless, in Chukotka a livestock grows on faster rates, than on Yamal, and it’s our main competitor. Potential market - not only Vladivostok, but also Japan, Korea, China. Reindeer breeding is, at least, preservation of a traditional way of life of native people and food safety of region and when sales volumes become great enough, branch can turn in profitable.
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