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NEAR Sub-Committee on Mineral Resources Development and Coordination held in Magadan Region, Russia2016-07-21

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The Sub-Committee on Mineral Resources Development and Coordination was held in Magadan Region, Russia on July 15 (Fri.). At the Sub-Committee meeting which was attended by 30 participants including the Governor Vladimir Pecheny, a presentation x on the state of natural resources in Magadan region was given by the Russian Minister of Environment. Presentations on geological prospecting and investment in the gold mining area followed. Prior to the presentations, the 3rd Magdan International Investment and Trade Fair was held for participants to present various investment projects to one another. The NEAR Secretariat sent a group of staff led by Secretary-General Jun Jae-won, supported the administration of the hosts, the Magadan Region, and encouraged other participants. Secretary-General Jun Jae-won emphasized the importance of mutual cooperation over the use of the natural resources in the region and the expressed a need in holding sub-committee meetings more efficiently in order to bring about practical outcomes.