In the Magadan region are preparing to allow gold mining for individuals

According to the government of the Magadan region, the region will become a pilot for the implementation of the law on gold mining by private individuals. This bill was approved by the Russian government and may be submitted to the State Duma in the near future. The adoption of the law will enable people involved in gold mining in deposits that are not of interest to large companies to do so legally. Miners will have access to digital services and systems.

The adoption of the law will bring illegal miners out of the shadows, which will have a positive impact not only on these people, but also on the region’s budget. Residents of many villages of Kolyma will have the opportunity for civilized gold mining, it will be much more profitable for them, having paid the tax, without hiding, to engage in prospecting.

It is clarified that the sites for the extraction of precious metals in the Magadan region are located in the Susumansky municipal district. In the future, the geography of freedom will be expanded to other municipalities of Kolyma.

It is important to note that the state will exercise control over the legal activities of miners and gold mining licenses will be issued to individuals for three years. In case of violation of the law, the plots will be withdrawn. The area provided for mining activities is 1498 hectares, which can provide more than 140 sites for gold mining. It is also planned to allocate about a thousand sites for artisanal mining in the Magadan region.