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delegation of Japanese businessmen are studying the possibilities of investing in the Irkutsk region
Tasuku Takagani, the president of the Japanese association for trade with Russia and Eastern Europe, is leading the delegation of representatives from 38 companies and banks. On Monday, the Japanese businessmen met with the heads of the region and the largest enterprises in the Baikal area. The deputy head of the Irkutsk regional administration, Irina Dumova told RIA Novosti that they discussed types of cooperation that have the potential to attract investments - oil and natural gas projects and projects in the timer and energy industries. The Japanese delegation first visited Irkutsk a year ago, after an Irkutsk region presentation in Tokyo. This cooperation has resulted in the creation of the Enerprom Mikuni Russian-Japanese joint venture. A presentation on the joint venture was given on Monday. The Japanese businessmen will visit enterprises in the Irkutsk region, including the Angara petrochemical company. The visit will end on June 2. The Irkutsk region is in southern Eastern Siberia and Lake Baikal is in the south eastern part or the region. The total area of the region is 775,000 square kilometers (4.6% of the territory of the Russian Federation). The region is located in the very center of Asia and its administrative center is the city of Irkutsk (population 594,500). The Irkutsk region is rich in minerals: Lena province has gold, the Mamsk-Chuiskaya province has mica, the Angara province has iron ore, the East-Sayanskaya province has rare-earth metals, coal is found in the Irkutsk field and the world's largest salt field is the East Siberian field. About 11 metric tons of gold are mined in the region annually. The main minerals in the region are hydrocarbons, gold, mica, iron ore, brown and bituminous coal and common salt. Theregion is also rich in raw materials for ferrous metallurgy. The Irkutsk region is one of the most economically developed areas in eastern Russia. Its leading industries are: mining, energy, aluminum, petrochemical, machine-building and building materials. Presently, the timber and the pulp and paper industries are developing extensively.
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