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Russia: Putin hears update on Magadan gold mining project01:16

Russia: Putin hears update on Magadan gold mining project

Russian Federation, Moscow
September 10, 2015 at 20:53 GMT +00:00 · Published

Russian President Vladimir Putin met with Governor of the Magadan Region Vladimir Pecheni to discuss the social and economic situation in the region, in Moscow on Thursday.

Pecheni told the president that he had commissioned a new facility which will start the “active development of the Yano-Kolymskaya gold mining province.” The governor added that he was expecting "significant growth in the production of gold this year."

Pecheni also said that construction of a new power line was almost complete, which will help with the “development of this area.” The power line is also "part of an investment project that was approved by the Ministry for the Development of the Russian Far East," Pecheni said.

Russia: Putin hears update on Magadan gold mining project01:16
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Russian President Vladimir Putin met with Governor of the Magadan Region Vladimir Pecheni to discuss the social and economic situation in the region, in Moscow on Thursday.

Pecheni told the president that he had commissioned a new facility which will start the “active development of the Yano-Kolymskaya gold mining province.” The governor added that he was expecting "significant growth in the production of gold this year."

Pecheni also said that construction of a new power line was almost complete, which will help with the “development of this area.” The power line is also "part of an investment project that was approved by the Ministry for the Development of the Russian Far East," Pecheni said.