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    Russia’s diamond miner to start new kimberlite pipe and plug state budget holes

    By Marina Romanova Russian diamond miner Alrosa PJSC has announced the start of the development of Zarya kimberlite pipe, a new deposit in its Aikhal Mining and Processing Division (MPD) located in Mirny District of Russian Republic of Sakha. The initial investment estimated by the company to approximately US $150 million. The announcement came along with the news[…..]

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    The Golden Arches to Conquer Siberia

    Aug. 30 – The U.S.-based fast food chain McDonald’s is on the way into one of the largest Big Mac-free territories on the globe. There was confirmation this week that the hunt is on for 10 sites in Novosibirsk, Siberia’s largest city, for McDonald’s outlets. After serving more than 2 billion fast-food meals and opening[…..]

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    Russia’s Grain Crop to be Damaged by Drought

    Jul. 18 – Russian Agriculture Ministry estimates that some 28.3 million hectares of spring sowing and 16.1 million hectares of winter crops all over the country will be damaged by the current drought. That’s 3.4 percent of the total sown area, according to preliminary estimates on the ministry’s website. Droughts have hit 16 of Russia’s[…..]

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    Vladivostok to Enter Far East Gaming Industry

    May 23 – The Russian Federation’s Primorsky Territory wants to construct a casino complex near the port city of Vladivostok, a city on the country’s southeast coast. A formal announcement by Russian officials and state-owned Nash Dom Primorye Corporation, is expected Wednesday at the Global Gaming Expo Asia in Macau. A website detailing the development[…..]

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    Flights between Alaska and Kamchatka to be Restored

    Apr. 9 – The air bridge between the U.S. state of Alaska and Russia’s Kamchatka Peninsula will be resume this July five years after the collapse of direct flights between Anchorage (Alaska’s largest city) and Petropavlovsk-Kamchatski (the urban and administrative center of the peninsula). Yakutia Air, based in Russia’s northern Republic of Sakha, plans to[…..]

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    Foreign Workers to be Sent Home from Russian Far East

    Apr. 5 – Moscow has forced Vladistok’s regional authorities to kick out foreign workers from the Russian Far East as soon as they finish their work on construction sites for the upcoming APEC 2012 Summit, which will be held in the city this September. The majority of the foreign workers, mostly citizens of China and[…..]

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    McDonald’s to Expand into Siberia

    Mar. 29 – U.S. fast food giant McDonald’s Corporation reportedly has begun to search for franchisees to expand into Siberia. The fast-food giant intends to open new outlets using the franchise business model that is the basis for 80 percent of its restaurants worldwide, but has not been used in Russia yet, according to RBC[…..]

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    Russia to Lease its Unused Farmland to Asian States

    Mar. 20 – Russia may officially welcome Asian nations to lease its abandoned Far Eastern farmland at the APEC summit in Vladivostok this upcoming September. “Since last year, we’ve been preparing a strategy to develop Russia’s Far East and east-west Siberia to announce at the APEC summit. We have 20 agricultural investment items to offer[…..]

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    The Republic of Tuva and the State of Russian Coal Exports

    Mar. 14 – Russia’s US$8 billion investment into Siberia to develop the Tyva Ulug-Khem Coal Basin, estimated to have 2.5 times more reserves than the Mongolian Tavan Tolgoi field, could double the country’s metallurgical coal exports by 2020. “Annual coal production in Tyva may reach 40 million metric tons in 2020 should all the companies[…..]

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    French Vostok to Become Pioneer in Russian Electricity Market

    Feb. 29 – French grid company Vostok has been contracted to run the Tomsk Distribution Company of Russia’s grid firm MRSK for an initial 18-month probationary period, the companies announced on Tuesday. It’s the first time a foreign entity has been permitted to manage an operating entity in Russia. “This is the first instance of[…..]

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