Mining Industry in Russia

It has also been rumoured that unnamed Chinese investors are keen to develop infrastructure in the Far East regions of Russia to exploit the rich resources in the area. Though, Russia’s reliance on its natural resources damaged the country as commodity prices crashed, there is still a lot of confidence that investment will return now that the market is recovering. In October 2009, it was reported that the Federal Service for the Financial Markets (FFMS) would be creating a draft amendment that would make it more difficult for Russian companies to raise funds through Initial Public Offerings (IPOs) in international markets. If passed, this will be a blow to companies who have found raising capital difficult domestically, due to high interest rates on hard to find commercial loans.

1. Introduction ……………………………………………………………………………………………………3

2. Legal framework………………………………………………………………………………………………8

3. Structure of the mineral industry………………………………………………………………………8

4. Trade………………………………………………………………………………………………………………..8

5. Mineral resources……………………………………………………………………………………………..9

6. Metals and industrial minerals………………………………………………………………………….9

7. Oil industry of Russia……………………………………………………………………………………...16

8. Uranium………………………………………………………………………………………………………….16

9. Outlook………………………………………………………………………………………………………..…17

10. Russian economy blues………………………………………………………………………………...18

11.The Russian mining industry has returned to the past……………………………………22