Rosnedra Began to Make a Detailed Feasibility Study of Sites Before Auctions
The head of the department, Evgeny Petrov, noted that this measure will also help non-core companies that are starting to engage in geological exploration of new types of raw materials.
Before auctions for subsoil plots, Rosnedra began to prepare a detailed feasibility study (feasibility study), including methods for further extraction and processing of raw materials. The head of the department, Evgeny Petrov, told TASS about this following the results of the St. Petersburg International Economic Forum.
“We have changed our approach to geological exploration. Now our task is not just to find promising areas or deposits, we are also preparing a detailed feasibility study, including methods for further production and processing,” he said.
According to Petrov, the load on the subordinate institutions of Rosnedra in preparing auctions has increased. “But the future investor, the subsoil user who will participate in the auction, receives a detailed assessment with an understanding of what costs he will incur not only at the geological exploration stage, but also in the future at the production and processing stage,” Petrov added.
The head of Rosnedra noted that this measure will also help non-core companies that are starting to engage in geological exploration of new types of raw materials. “Companies will go to auctions consciously. And we believe that this will allow us to attract, among other things, large businesses to invest in geological exploration,” he continued. “And this reduces risks that are difficult to assess at the stage of entering a geological exploration project.”
