INVESTMENT FOUNDATION OF CHUKOTKA AR

In the Chukotka Autonomous Region, a regulatory legal framework has been formed which is aimed at creating a favorable investment climate in the region. The current regulatory framework contains rules that ensure the protection of investors' rights, mechanisms for supporting investment activities and guarantees that the position of investors will not deteriorate.

In accordance with the legislation of the Russian Federation, subjects of investment activity, regardless of the form of ownership, are guaranteed (part one of Article 1 of the Law of the Chukotka Autonomous Region of 05.05.2015 No. 28-OZ "On the Implementation of Certain Provisions of the Legislation of the Russian Federation Concerning the Implementation of Investment Projects in the Territory of the Chukotka Autonomous Region"):

1. ensuring equal rights in the implementation of investment activities;
2. publicity in the discussion of investment projects of the Chukotka Autonomous Region (hereinafter referred to as the investment project);
3. the right to appeal against decisions and actions (inaction) of public authorities, local self-government bodies and their officials to the court;
4. protection of capital investments.

In the event that the legislative acts of the Chukotka Autonomous Region are adopted, the provisions of which worsen the taxation conditions for the implementation of investment projects in comparison with the current taxation at the beginning of the implementation of the investment project that received the status of a regional or significant investment project in the established order, the provisions of the legislative acts of the Chukotka Autonomous Region acting on at the moment of assigning the investment project the status of regional or significant investment (Part three of Article 1 of the Law of the Chukotka Autonomous Region of 05.05.2015 № 28-OZ "On the implementation of certain provisions of the legislation of the Russian Federation in the implementation of investment projects in the Chukotka Autonomous Region").

Legislation of Chukotka Autonomous Region on support of investment activity

1. The law of Chukotka Autonomous Region from 05.05.2015 No. 28-OZ "On the implementation of certain provisions of the legislation of the Russian Federation in the implementation of investment projects on the territory of the Chukotka Autonomous Region";
2. The Law of Chukotka Autonomous Region 18.05.2015 No. 47-OZ "On some questions of tax regulation in the Chukotka Autonomous Region";
3. The decision of Council of deputies of the Anadyr municipal district of 25.10.2008, № 13 "On approval of the regulations on the land tax in the territory of the Anadyr municipal district";
4. The decision of Council of deputies of the urban district of Anadyr dated 29.09.2014 No. 9 "On approval of provisions on the land tax in the territory of the urban district of Anadyr".

For the subjects of investment activity, a number of tax privileges and other preferences have been established

Tax privileges and other preferences for business entities for participants of regional investment projects, participants of significant investment projects, residents of the priority development area "Beringovsky"

1. Reduced rates on the profit tax of organizations;
2. Reduced property tax rates for organizations;
3. Reduced rates of mineral extraction tax;
4. Reduced land tax rates;
5. Reduced rates of insurance premiums to extra-budgetary funds;
6. Application of the customs procedure of free customs zone.

REGIONAL INVESTMENT PROJECTS

In accordance with Federal Law No. 267-FZ of September 30, 2013 "On Amending Part One and Two of the Tax Code of the Russian Federation with Regard to Encouraging the Implementation of Regional Investment Projects in the Territories of the Far Eastern Federal District and Certain Subjects of the Russian Federation" from January 1, 2014 Tax preferences for investors implementing regional investment projects were introduced in the region:

1) Decrease in the corporate profit tax rate under the conditions of application

Corporate income tax
Rate for participants of regional investment projects	Standard rate
0% - within 5 years from the receipt of the first earnings	20%
10% - for the next 5 years

2) Reduction of the mineral extraction tax rate by applying a reduction factor

Mineral extraction tax
Rate for participants of regional investment projects	Standard rate
Reduction factor:	Chapter 26 of the Tax Code of the Russian Federation
0 - before the application of the reduced profit tax rate
0 - within 1-2 years after the introduction of a reduced income tax rate
0,2 - within 3-4 years after the introduction of a reduced income tax rate
0,4 - within 5-6 years after the introduction of a reduced income tax rate
0,6 - within 7-8 years after the introduction of a reduced income tax rate
0,8 - within 9-10 years after the introduction of a reduced income tax rate

Terms of receipt by the subjects of investment activity of the status of the participant of the regional investment project:

The minimum volume of capital investments and the term of capital investments	at least 50 million rubles within 3 years
	at least 500 million rubles within 5 years
Scope of activity	production of goods
Kinds of activity (ОК 029-2001)	Agriculture, hunting and forestry Fishery, fish-breeding   Extraction of minerals, including: 1) mining of hard coal, brown coal and peat; 2) extraction of uranium and thorium ores; 3) extraction of metal ores, including: 3.1.) Extraction of non-ferrous metal ores, except uranium and thorium ores, which includes: a) extraction and enrichment of copper ore; b) extraction and enrichment of nickel and cobalt ores; c) extraction and enrichment of aluminum-containing raw materials (bauxites and nepheline-apatite ores); d) extraction and enrichment of lead - zinc ore; e) extraction and enrichment of tin ore; f) extraction and enrichment of titanium-magnesium raw materials; g) extraction and enrichment of tungsten-molybdenum ores; h) extraction and concentration of antimony-mercury ores and other non-ferrous metals; 4) extraction of other minerals   Processing industries Production and distribution of electricity, gas and water

A participant in a regional investment project must meet both the following requirements:

state registration of a legal entity was carried out in the territory of the Chukotka Autonomous Region;

the organization does not have separate subdivisions located outside the territory of the subject (territories of subjects) of the Russian Federation in which the regional investment project is being implemented;

the organization does not apply the special tax regimes provided for in part two of the Tax Code of the Russian Federation;

the organization is not a participant in the consolidated group of taxpayers;

the organization is not a non-profit organization, a bank, an insurance organization (insurer), a non-state pension fund, a professional participant in the securities market, a clearing organization;

the organization was not previously a participant in the regional investment project and is not a participant (successor to the participant) of another implemented regional investment project;

the organization owns (in lease for a period not less than 1 January 2024) a plot of land (land plots) where the implementation of a regional investment project is planned;

the organization has a construction permit in the event that the existence of such a permit is mandatory for the implementation of a regional investment project;

the organization is not a resident of a special economic zone of any type.

To obtain the status of a participant in a regional investment project, you have to:

send to the Department of Finance, Economics and Property Relations of the Chukotka Autonomous Region an application for inclusion in the register of participants of regional investment projects of the Chukotka Autonomous Region with the following documents:

copies of constituent documents of the organization, certified in accordance with the established procedure; a copy of the document confirming the fact of making an entry on the state registration of the organization in the Unified State Register of Legal Entities (optional);

copies of the certificate of registration of the organization with the tax authority (optional);

investment declaration (with the investment project attached);

documents confirming the ownership of the company (in lease for a period not less than January 1, 2024) of the land plot (land plots) where the implementation of the regional investment project (if desired) is planned;

documents confirming the absence on the land plot (land plots) where the regional investment project is planned to be implemented, buildings, structures owned by individuals or organizations that are not participants in such an investment project (except for access roads, communications, pipelines , Electrical cables, drainage and other infrastructure) (optional);

a copy of the building permit issued to the organization, in the event that the availability of such a permit is mandatory for the implementation of the regional investment project (if desired).

If the documents specified in clauses 2, 3, 5-7 are not represented by the organization, the documents are requested by the Department of Finance, Economy and Property Relations of the Chukotka Autonomous Region through a system of interagency information interaction.

The documents specified in clause 5 are submitted by the organization on their own if the ownership of the land plot (land plots) on which the regional investment project is intended is not registered in the Unified State Register of Rights to Immovable Property and transactions with it.

The order and terms of consideration of the application and documents
Number of days	Stage	Result
Output within 3 days from the date of receipt of the application	Consideration of the application and documents by the Authorized body - the Department of Finance, Economy and Property Relations of the Chukotka Autonomous Region	Acceptance of application for consideration or refusal
Within 23 days from the date of acceptance of the application for consideration	Carrying out by the Authorized body of expertise of documents, if the project is realized on the territory of the Chukotka Autonomous Region	Conclusion
or within 33 days from the date of acceptance of the application for consideration	Carrying out by the Authorized body of examination of documents, if the project is realized on the territories of several subjects
within 7 days from the date of submission of the conclusion	Decision-making by the Government of the Chukotka Autonomous Region	Inclusion in the register of regional investment projects or refusal
Within 5 days after the decision of the Government of the Chukotka Autonomous Region, the organization's notification of the decision taken

Contacts (primary source):

Department of Finance, Economics and Property Relations of the Chukotka Autonomous Region

Anadyr, Otke st., 2.

Tel. +7 (42722) 6-93-23,

fax +7 (42722) 2-93-04, 2-93-18 in a round-the-clock mode

e-mail: ElenaK@depfin.chukotka-gov.ru or mail@fond87.ru

SIGNIFICANT INVESTMENT PROJECTS

In accordance with the Law of the Chukotka Autonomous District of 05.05.2015, No. 28-OZ "On the Implementation of Certain Provisions of the Legislation of the Russian Federation Concerning the Implementation of Investment Projects in the Territory of the Chukotka Autonomous Region," tax preferences have been introduced in the region for investors who have implemented significant investment projects:

- reduced rates on profit tax of organizations in compliance with the conditions of use

Corporate income tax
The rate for participants of significant investment projects	Standard rate
15,5 % - Within 10 years, starting from the tax period in which the implementation of a meaningful investment project has been completed	20%

The conditions for the participants of investment activity to obtain the status of a participant in a significant investment project:

The minimum volume of capital investments and the duration of capital investments are	at least 25 million rubles for 3 years
Scope of activity	Production of goods, performance of work, rendering of services
Kinds of activity (ОК 029-2001)	Agriculture, hunting and forestry Fisheries, fish-breeding Mining, including: 1) mining of hard coal, brown coal and peat; 2) extraction of uranium and thorium ores; 3) extraction of metal ores, including: 3.1.) Extraction of non-ferrous metal ores, except uranium and thorium ores, which includes: a) extraction and enrichment of copper ore; b) extraction and enrichment of nickel and cobalt ores; c) extraction and enrichment of aluminum-containing raw materials (bauxites and nepheline-apatite ores); d) extraction and enrichment of lead - zinc ore; e) extraction and enrichment of tin ore; f) extraction and enrichment of titanium-magnesium raw materials; g) extraction and enrichment of tungsten-molybdenum ores; h) extraction and concentration of antimony-mercury ores and other non-ferrous metals; 4) extraction of other minerals Production and distribution of electricity, gas and water Building Wholesale and retail trade; Repair of motor vehicles, motorcycles, household goods and personal items Hotels and restaurants Transport and communication Operations with real estate, renting and provision of services Education Public health services and provision of social services Provision of other communal, social and personal services Provision of services for housekeeping

Terms of receipt by the subjects of investment activity of the status of a participant in a meaningful investment project: A participant in a meaningful investment project must meet the following requirement:

The implementation of the investment project is carried out by a legal entity, the state registration of which is carried out in the territory of the Chukotka Autonomous Region.

In order to obtain the status of a participant in a meaningful investment project, it is necessary to send an application to the Department of Finance, Economy and Property Relations of the Chukotka Autonomous Region with the application of a business plan for the investment project.

The procedure for assigning the status of a significant investment project, the procedure for making a decision to confirm the completion of an investment project, which has been granted the status of a meaningful investment project

The decision to assign the status of a significant investment project to an investment project is made out by an order of the Government of the Chukotka Autonomous Region, which indicates the name of the organization that implements the significant investment project and the name of the significant investment project being implemented. To the specified act the business plan of the investment project is attached, which is given the status of a significant investment project. With the organization implementing a meaningful investment project, a contract is concluded in the manner established by the Government of the Chukotka Autonomous Region.

The decision to confirm the completion of the investment project, which is assigned the status of a meaningful investment project, is formalized by an order of the Government of the Chukotka Autonomous Region, which indicates the date of completion of a significant investment project.

Contacts (primary source):

Department of Finance, Economics and Property Relations of the Chukotka Autonomous Region

Anadyr, Otke st., 2.

Tel. +7 (42722) 6-93-23,

fax +7 (42722) 2-93-04, 2-93-18 in a round-the-clock mode

e-mail: ElenaK@depfin.chukotka-gov.ru or mail@fond87.ru

PDA «Beringovsky»

Current regulatory legal acts

Resolution of the Government of the Russian Federation No. 876 of August 21, 2015 "On the creation of the territory of the advanced social and economic development" Beringovsky "» download

Federal Law No. 473-FZ of December 29, 2014 "On the Territories of Advanced Social and Economic Development in the Russian Federation" download

Federal Law No. 380-FZ of December 29, 2014 "On Amending Part Two of the Tax Code of the Russian Federation in connection with the adoption of the Federal Law" On the Territories of Advanced Social and Economic Development in the Russian Federation "

Federal Law No. 519-FZ of December 29, 2014 "On Amending Certain Legislative Acts of the Russian Federation in Connection with the Adoption of the Federal Law" On the Territories of Advanced Social and Economic Development in the Russian Federation "

Order of the Federal Customs Service No. 1526 of July 30, 2015 "On the approval of the procedure and technologies for the performance of customs operations in respect of goods, including vehicles imported (imported) into the areas of advanced socio-economic development, where the customs procedure of the free customs zone is applied, and exported from such areas "

Law of the Chukotka Autonomous Region No. 94-OZ of 13.10.2015 "On Amendments to the Law of the Chukotka Autonomous Region" On Certain Issues of Tax Regulation in the Chukotka Autonomous Region""

Documents for potential residents for the application

The application form for the conclusion of an agreement on the implementation of activities in the territory of priority social and economic development

An approximate form of the business plan attached to the application for the agreement

Criteria and methodology for assessing the application and business plan

Priority Development Area «Beringovsky»

Within the framework of the implementation of Federal Law No. 473-FZ of December 29, 2014 "On the Territories of Advanced Social and Economic Development in the Russian Federation"

Decree of the Government of the Russian Federation of August 21, 2015 No. 876 "On the creation of the territory of the advanced socio-economic development" Beringovsky "created the PDA "Beringovsky ".

PDA is created in order to create favorable conditions for attracting investments, ensuring accelerated social and economic development and creating comfortable conditions for ensuring the life of the population

Territorially, PDA "Beringovsky" includes the territories of two municipal entities of the Chukotka Autonomous Region - the territory of the urban district of Anadyr and a significant part of the territory of the Anadyr municipal district.

PDA "Beringovsky" is created for 70-year period

PDA "Beringovsky" has special legal regimes for entrepreneurial and other activities. In particular, for residents of PDA "Beringovsky" various benefits and preferences are envisaged:

1) tax preferences:

- reduction in the corporate profit tax rate under the conditions of application

The rate for residents of the PDA	Standard rate
0% - within 5 years from the date of receipt of the first profit, 10% - for the next 5 years	20%

- reduction in the rate of property tax of organizations subject to conditions of application

The rate for residents of the PDA	Standard rate
0% - within 5 years from the date of receipt of the first profit, 1,1% - for the next 5 years	2,2%

- exemption from land tax (normative legal acts in the adoption phase)

The rate for residents of the PDA	Standard rate
0% - within 5 years	Up to 1,5%

- reduction of the tax rate for mineral extraction through the application of a reduction factor

The rate for residents of the PDA	Standard rate
Reduction factor:	Chapter 26 of the Tax Code of the Russian Federation
0 - before the application of the reduced profit tax rate
0 - within 1-2 years after the introduction of a reduced income tax rate
0,2 - within 3-4 years after the introduction of a reduced income tax rate
0,4 - within 5-6 years after the introduction of a reduced income tax rate
0,6 - within 7-8 years after the introduction of a reduced income tax rate
0,8 - within 9-10 years after the introduction of a reduced income tax rate

- the declarative procedure for refunding VAT

2) establishment of preferential rates of rent;

3) application of the customs procedure of the free customs zone;

4) reduced rates of insurance premiums - in the aggregate 7.6% in the event that the status of the PDA is received within three years from the date of establishment of the PDA (until August 21, 2018):

	Tariff for PDA residents	Standard tariff
Pension fund of the Russian Federation	6% - within 10 years	22%
Social insurance fund of the Russian Federation	1,5% - within 10 years	2,9%
Compulsory medical insurance fund	0,1% - within 10 years	5,1%

5) preferential procedure for recruiting foreign citizens - residents of the PDA may invite foreign citizens to work without taking into account quotas for issuing foreign invitations to foreign citizens to enter the Russian Federation in order to carry out their work activities, as well as quotas for issuing work permits to foreign citizens established by the Government The Russian Federation in accordance with the legislation on the legal status of foreign citizens in the Russian Federation.

It is not required to obtain permits to attract and use foreign workers.

Nevertheless, the share of foreigners attracted by PDA residents is determined by the Supervisory Board of the PDA;

6) benefits for employees - employees of the PDA are entitled to guarantees and compensations

provided for by the Law of the Russian Federation No. 4520-1 of February 19, 1993, which include:

- Increased pay with the use of district coefficients and interest allowances;

- additional leave lasting 24 calendar days;

- payment of the fare and baggage transportation to the place of use of leave and back;

- compensation for expenses related to relocation.

7) expedited and facilitated administrative procedures, including obtaining a building permit, customs clearance;

8) deregulation in the part of state and municipal control (supervision) - reduced time for carrying out control checks;

9) the specifics of the establishment of easements in respect of land plots intended for deployment and operation of facilities necessary for the creation of infrastructure of the territories and so on.

The above-mentioned special legal regime for carrying out entrepreneurial activities in the territory of the PDA "Beringovsky" is valid when the following types of economic activities are included in the classes of the All-Russian Classification of Economic Activities (RUE 029-2014 (NACE Rev. 2)) by the resident of the PDA "Beringovsky".

Residentsa of PDA «Beringovsky»

• an individual entrepreneur or a legal entity that is a commercial organization, the state registration of which is carried out on the territory of the PDA "Beringovsky" (with the exception of state and municipal unitary enterprises), which in accordance with Federal Law No. 473-FZ of December 29, 2014 "On the territories of the advanced Social and economic development in the Russian Federation "agreement on the implementation of activities in the territory of advanced social and economic development;
• can not be a participant in a regional investment project in accordance with the legislation of the Russian Federation on taxes and fees;
• may not have branches and representative offices outside the PDA "Beringovsky".

To obtain the status of a resident of the PDA "Beringovsky" it is necessary: ??

• to propose a specific investment project carried out according to the established types of activity;
• the minimum investment volume for the project should be 500 thousand rubles;

• to submit an application for the conclusion of an agreement on the implementation of activities in the management company - JSC "Corporation of the Far East Development Corporation", to which the following documents must be attached:

Copies of constituent documents (for legal entities);

A business plan, an approximate form of which is established by an authorized federal body;

A copy of the certificate of state registration of a legal entity or an individual entrepreneur;

A copy of the certificate of registration with the tax authority;

Duly certified translation into Russian of documents on state registration of a legal entity or an individual as an individual entrepreneur in accordance with the legislation of the respective state (for a foreign person).

Contacts of the managing company of JSC "Corporation for the Development of the Far East":

- official website www.erdc.ru;

- e-mail - aokrdv@gmail.com or mail@fond87.ru.

If consultation is required on issues related to activities under the PDA, or support during the processing of an application, a potential resident may send an appeal to the Fund for the Development of Economics and Direct Investments of the Chukotka Autonomous Region:

1) a preliminary application for obtaining the status of resident

2) a written request to the e-mail address mail@fond87.ru.

INFORMATION ABOUT THE REGION

HERE THA DAY BREAKS

The Chukotka Autonomous (until 1980 – National) Region – was formed on December 10, 1930. The status of an independent subject of the Federation has been in effect since June 17, 1992. The status was confirmed in 1993 by the decision of the Constitutional Court of the Russian Federation.

It is part of the Far Eastern Federal District.

The area of the territory of the Region is 721.5 thousand km², which is 4.2% of the territory of the Russian Federation and 11.7% of the Far Eastern Federal District.

The population is 68.9 thousand people (2001), urban 73%: Russians, Ukrainians, Chukchi, Eskimos, Evens, Koryaks, Yukagirs. 8 districts, 3 cities.

The administrative center is Anadyr. Other cities: Pevek, Bilibino.

The district occupies the territory of land between the lower reaches of the Kolyma in the west and the Dezhnev Cape in the Chukchi Peninsula, as well as the islands: Wrangel, Aion, Arakamchechen, Ratmanov, Geralda and others. On land, the region borders the Republic of Sakha (Yakutia), the Magadan Region and the Kamchatka Krai. From the state of the USA Alaska Chukotka is separated by the Bering Strait.

CHAO is located on the extreme north-eastern tip of the continent of Eurasia, crashing into a wedge between the Pacific and Arctic Oceans. Washed by the East Siberian, Chukchi and Bering seas.

The extreme southern point of Chukotka is Cape Rubicon (62° N); Northern - Cape Shelagsky (70° N); West - left bank of the lower reaches of the river Omolon (158° E); Eastern - Cape Dezhneva, which is also the eastern extremity of Russia and the whole of Eurasia (170° W).

Most of Chukotka is located in the eastern hemisphere, the Chukchi Peninsula is in the western hemisphere, and about half of its territory is beyond the Arctic Circle.

Symbols of the Chukotka Autonomous Region

The flag of the Chukotka Autonomous Region was adopted on December 28, 1994. In the center of the white triangle is the color of the Russian flag in a yellow edging. The very triangle symbolically means Chukotka, its color - the Arctic. The sides of the triangle divide the blue flag field - the colors of the seas, which symbolizes the Arctic and Pacific oceans washing the territory of Chukotka. The white and blue colors of the flag also symbolize white and polar nights. The yellow circle around the Russian flag on a white triangle means that the inhabitants of Chukotka are the first in the Russian Federation to meet the sunrise. The yellow rim "Yarar" is a part of the national symbolism of the indigenous peoples of Chukotka. Yellow is also a symbol of gold, which is mined in Chukotka.

 

The emblem of the Chukotka Autonomous Region was adopted on November 27, 2000. The violet color of the heraldic shield means polar night. The polar bear is a traditional symbol of the region. The yellow color, in which the symbolic image of the territory of the district is colored, is a symbol of gold - the main wealth of Chukotka. The red star symbolizes the North Star. Eight of its equal rays symbolize the unity of the eight districts of the Autonomous Region with the administrative center - the city of Anadyr. The blue color of the circle reflects the expanses of two oceans - the Pacific and the Arctic, washing the Chukchi Peninsula. The red color of the ring indicates the special position of the region, which is the border area of the northeast of the Russian Federation. The rays around the whole image symbolize the northern lights and the white space of the Chukchi tundra in winter. The number of rays is 89 - by the number of regions of the Russian Federation.

Investment prospects

The Region government is aimed at attracting Russian and foreign investment in industry and infrastructure development in general.

In the Chukotka Autonomous Region, a regulatory legal framework has been formed which is aimed at creating a favorable investment climate in the region. The current regulatory framework contains rules that ensure the protection of investors' rights, mechanisms for supporting investment activities and guarantees that the position of investors will not deteriorate.

In accordance with the legislation of the Russian Federation, subjects of investment activity, regardless of the form of ownership, are guaranteed (part one of Article 1 of the Law of the Chukotka Autonomous Region of 05.05.2015 No. 28-OZ "On the Implementation of Certain Provisions of the Legislation of the Russian Federation Concerning the Implementation of Investment Projects in the Territory of the Chukotka Autonomous Region"):

1. ensuring equal rights in the implementation of investment activities;
2. publicity in the discussion of investment projects of the Chukotka Autonomous Region (hereinafter referred to as the investment project);
3. the right to appeal against decisions and actions (inaction) of public authorities, local self-government bodies and their officials to the court;
4. protection of capital investments.

Creation of favorable investment conditions is confirmed by positive dynamics in one of the most significant branches of the region's economy (mining of precious metals), the entry of Kinross Gold, Polymetal, Polyus Gold into Chukotka.

According to OOO "Strategika", only thanks to the ore direction, the volumes of gold produced by 2020 will reach a sustainable level of 25-30 tons / year with an annual revenue of $ 600-650 million (at the rate of $ 1 = 27.5 rubles, the price of gold For 1 ton - $ 21.8 million).

Provision of stocks of organizations conducting mining of alluvial deposits of ore, with the level of alluvial gold mining that has developed in recent years is 8-25 years. The known gold ore deposits (Kupol, Maiskoye, Valunistoe, Karalveem, Dvoinoye, Maple, Kekura) and promising ore areas (Vodorazdelnaya, Stadukhinskaya, Kanchalano-Amguemskaya, Uteveemskaya, Verkhne-Krichalskaya, Mangazeyskaya, Pepenveemskaya, Ergueemskaya and others) were transferred for use, in Undistributed fund remained in the main areas, characterized by a low degree of study.

For organizations operating coal deposits, according to the data of geological prospecting, the supply with reserves is 50-100 years.

The increase in the investment potential of the Region is connected with the large infrastructure projects of the government of the ChAO. This, above all, the construction and reconstruction of highways with access to the developed deposits of precious metals. The development of social infrastructure and the improvement of the quality of life has a positive impact on the personnel potential of the region.

The government of the Chukotka Autonomous Region invites the investment project "Development of the Chaun-Bilibino industrial hub", which includes:

Industrial development of deposits of precious (gold, silver) and non-ferrous metals (copper, molybdenum, tin and tungsten). The total resource of gold in these fields is about 950 tons, silver - more than 7 thousand tons, copper - 24 million tons, tin - 508 thousand tons. The project pursues geological exploration, the construction of mining and processing plants, construction of social infrastructure facilities, Energy facilities and roads. The forecast volume of production by 2020 will be: gold at least 30-32 tons, silver - 200-250 tons, copper, tin, molybdenum and tungsten-in the required volumes, according to the projected feasibility study of the field development. The main goal is to accelerate the development of the mining industry in the district, accordingly, a decrease in subsidies from the federal budget is planned, and new jobs will be created.

Platinum group

The forecast resources of platinum group metals in the territory of the district are located within the Anadyr-Koryak system, the metallogenic specialization of which is determined by gold, mercury, less often copper, chromite and tin-silver mineralization, as well as alluvial manifestations of gold and platinoids.

In recent years, within the limits of the Mainitsko-Khatyr platinum-bearing area, new data on the metallogenic potential and prospects of the territory for revealing the primary deposits of gold, platinum and chromite have been obtained as a result of advanced geochemical prospecting and prospecting, and their predictive estimate is given. Based on the latest data, promising metallogenic zones are identified - Alganskaya, Velikorechenskaya, Maynitskaya, Rytgylskaya, Alkatvaamskaya, Econai, which require more detailed study on the totality of geological, structural, geochemical and search characteristics.

In addition, the predicted resources of platinum group metals are estimated by category Р1 in the complex field of the Peschanka molybdenum-copper-porphyry formation in the following quantities: platinum 16.2 tons, palladium 125.5 tons, rhodium 17.6 tons.

Silver

There are no independent silver deposits on the territory of the Chukotka Autonomous Region, but there are prerequisites for the detection of predominantly silver objects. Silver is an associated component in the ores of the discovered gold and silver tin deposits. As of 01.01.2015 the balance reserves are 4.68 thousand tons.

Forecast resources of silver as of 01.01.2015 approved in the amount of 9.98 thousand tons in category P2, including Verkhne-Yablonskaya metallogenetic zone with gold-silver mineralization - 2.3 thousand tons, Pettymel-Oleptynynskaya with silver - polyetallic mineralization - 6,2 thousand tons.

Expediency of industrial development of silver-bearing deposits with balance reserves is determined by the economic value of the main minerals - gold and tin.

As of 01.01.2015, 4.63 thousand tonnes (98.9%) of the balance reserves of silver were transferred to subsoil users.

Extraction of silver.

The extraction of silver is carried out at the ore deposits Kupol, Karalveem, Valunistoe, Dvoinoye. In 2013, 165 tons of silver were mined in the Region, in 2014 - 138 tons. In Kupol field in 2013, it was mined 161 tons, in 2014 - 126 tons.

SECTORS

• Gold mining
• Non-ferrous metals
• Coal
• Oil and gas
• AIC
• Fisheries
• Power engineering
• FEA
• Construction And Housing and Communal Services
• Trade
• Food Industry
• Transport