The Russian Direct Investment Fund (RDIF) and the Federal Land Use Agency (Rosnedra) signed strategic cooperation agreements to jointly work on projects for the development of the Russian mineral resources complex. The signing took place within the framework of the Eastern Economic Forum in Vladivostok.
“RDIF and the Federal Agency for Subsoil Use combine efforts and expertise to stimulate the investment process in the field of subsoil use, solve a number of problems for its innovative development and help achieve the goals formulated by the Subsoil Use Development Strategy. RDIF General Director Kirill Dmitriev said at the signing ceremony of the agreement, “Russian Federation Mineral Resources Base until 2035.” “This will allow us to attract investment in geological exploration, new technologies and more effectively develop deposits in the Russian Federation,” he emphasized.
“Today, the complex of mineral resources of our country is underestimated at the necessary level. “Cooperation between Rosnedra and financial institutions such as RDIF will help unlock the potential of the sector and create a balanced investment environment,” added Evgeny Petrov, president of Rosnedra.
The partnership between RDIF and Rosnedra will develop in a number of priority areas. We are talking about encouraging the flow of private investment, especially in the field of geological exploration and field development. The focus of the strategic partnership is also the innovative development of underground exploitation: increasing the quality and investment value of geological information as a result of the introduction of advanced digital technologies in the field of geological research, more effective identification of mineral reserves at less cost. spending financial and other resources and creating a fund of promising subsoil use objects. An important area of cooperation between the parties will be joint work on the creation and development of a system for the evaluation of mineral reserves.
Previously Russian Direct Investment Fund (RDIF) and PSB To agree About joint investments exceeding 20 billion rubles in the construction of first-class hotel complexes and related infrastructures in Vladivostok, Kaliningrad and Kemerovo in EEF 2023.