(MENAFN- ProactiveInvestors) Christian Schaffalitzky the chief executive of () talks Proactive Investors through the process of obtaining a mining licence for the West Kytlim alluvial platinum mining project in Russia.
He says the government is supportive of foreign investment and points out that the amount it is raising to reach production is far smaller than most miners are searching for which means it can achieve cash flow sooner.
The Russian Ministry of Economic Development now has 30 days to respond to the draft terms and conditions.
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