SIBERIA'S MINERAL WEALTH

Ashburton Guardian, Volume XLV, Issue 10386, 4 May 1925, Page 5

SIBERIA'S MINERAL WEALTH

EXPLOITATION BY COMPANY. , GOLD, SILVER, COPPER, LEAD. (Per Press Association— Copyright.) (Renter.) (Received This Day, 8.45 a-ni.) MOSCOW, May 3. Representatives of the Soviet and of the Lena- Goldfields Company have signed the draft agreement for concessionary exploitation by the company, to be called the Lena Gold Enterprise, ot 1,500,000 acres of gold, silver, copper,! and lead-bearing areas in the Lena-Altai-Sisser.sk regions of Siberia. it is understood that important New York banking asid mining interests have considerable participation m the oper-( ations of the company, which embraces the interests of a number of companies which before the war operated mines] covered by the present concession. Six I per cent of the total production will be payable to the Soviet. The company s technical staff will be largely English, and Americans. j FOREIGN CAPITAL NEEDED. DEVELOPING RESOURCES. (Received This Day, 11.45 a.m.) v MOSCOW, May 3. The Government, will submit to the iUI-Russian Congress of Soviets, whicb opens on May 8. certain amendments and additions to the Russian Constitution, including an article granting to foreign citizens and joint stock companies the right to apply private capital to the development of the economic resources of Russia.