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More flexible, efficient gold mining regulations needed - Putin

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MAGADAN, November 22 (RIA Novosti) - The state regulation of gold mining needs to be more flexible and efficient, Russian President Vladimir Putin said Tuesday during his visit to the remote Far East port of Magadan.

"Another issue is to provide processing and refining companies with a full and balanced load," Putin said.

These companies' potential in terms of interregional cooperation and external economic relations must be increased, he said.

The economic and legal conditions for gold mining should provide a stimulus to reach the full potential of all types of mines.

This will also help guarantee stable employment in the sector and a higher standard of living in gold mining regions, the president said.

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