Rich mineral resources base is fundamental for economic development of the Arctic and the Far East
Extraction of mineral resources is fundamental for the Arctic and the Far East; and given the natural treasures of these two regions, mineral resources are playing and will continue to play the key role — Sergey Gorkov, General Director, Chairman of the management Board of «Rosgeologia».
There are no other drivers or alternatives for development of the Arctic territory and the Far East, except for extraction of a wide range of various mineral resources, including both crude hydrocarbons and solid mineral deposits. The task of the state policy in this sphere is to create conditions for these mineral resources to be involved into turnover. Perhaps, first of all, explored and developed in an economically viable way; and second, within a reasonable period that will allow the country to benefit from this competitive advantage – the mineral resource base — Denis Khramov, First Deputy Minister of Natural Resources and Environment of the Russian Federation.
As a regulator, the state participates in processes in the whole field that we work in, but at the moment our priority is the restoration of the mineral resource base and its replenishment — Kirill Molodtsov, Aide to the Chief of Staff, Presidential Executive Office .
Without developing the industry, first of all, the mining industry, we will not be able to ensure sustainable, dynamic economic growth; and we will not be able to solve social problems that we have identified — Andrey Fedotov, Permanent Representative of the Republic of Sakha (Yakutia) to the President of the Russian Federation; First Deputy Chairman of the Government of the Republic of Sakha (Yakutia).
Currently large companies have great opportunities for investment in geological exploration, and many major market players are actively involved in this — Vitaliy Nesis, Group Chief Executive Officer, Polymetal.