Rosgeo and Mechel PJSC have signed an Agreement of cooperation in the field of subsoil use, within the Eastern Economic Forum, today.
Sergey Gorkov, Director General, Chairman of the Board of Rosgeo, and Oleg Korzhov, Director General of Mechel, signed this document.
Under the Agreement, the Parties intend to cooperate in the implementation of the projects on prospecting, assessing, exploring new high marketable mineral deposits, and their consequent development and operation in the Russian Federation and abroad.
Based on the Agreement the Parties will have an opportunity to establish joint ventures for the implementation of the projects on prospecting, evaluation and further development of discovered deposits.
Besides, the Parties have agreed that Rosgeo and Mechel would consider the issues of update, re-evaluation and in-mine exploration of the reserves in the currently non-exploited (suspended) deposits to put them into commercial production, within the framework of joint projects.
