PROBLEMS OF THE ARCTIC MINERAL RESOURCES DEVELOPMENT (IN TERMS OF CHUKOTKA AND ALASKA)

The current stage is a turning point in the development of the mineral resource complexes of the Chukotka Autonomous Region (CHAR) and the state of Alaska. The main problem of both regions is the preservation of the achieved level of extraction of mineral raw materials and the increase of the socio-economic level of the territories development, as well as the discovery of new deposits. As the experience of Alaska has shown, one should not be afraid of the territory commodity specialization; the power and/or business dilemma due to be positively decided in favor of the government; in the Arctic regions, a broad, sometimes non-market approach to efficiency, payback of long-term investments is justified. It is necessary for the federal authorities to pay more attention to the development of geological exploration in the territory of the Chukotka Autonomous Region, given its strategic geopolitical importance, natural geographic and mineral raw material uniqueness.

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