DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/66b4c5/the_russian_mining) has announced the addition of the "The Russian Mining Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2015" report to their offering.
The growing export demand from developing countries such as India and China, and the global economic recovery provides an optimistic outlook for the Russian mining industry. This will continue to be positive throughout the forecast period. The mining industry is projected to grow at a compound annual growth rate (CAGR) of 6.94% over the forecast period, to reach 647.7 million tons in 2015. In terms of production volume, coal is the leading category in the Russian mining industry, accounting for 68.6% of the total production volume in 2010. The mining equipment industry is expected to value RUB16.3 billion in 2011, an increase of 8.2% over the previous year.
A significant increase in demand for construction materials was recorded during early 2011 and as a consequence an increase in the sales of minerals such as iron ore, nickel, copper and bauxite was witnessed. Natural calamities in Australia created a shortage of coal which caused prices to escalate more than 50%. Furthermore, companies are increasingly searching for green field mineral deposits as there is pent up demand due to lack of investment and companies continuing to explore existing deposits discovered during the Soviet era.
Key Highlights:
- Russian mineral production is expected to total 495.2 million tons in 2011, an increase of 5.9% over 2010
- The Russian government announced plans to increase state expenditure for mineral resource exploration to US$23 billion by 2020
- Russia is the fifth-largest producer of iron ore, accounting for 4.2% of the global production in 2010. The country is the largest producer of nickel in the world, accounting for 17.1% of worldwide nickel production in 2010
- The Russian mining industry has become less competitive due to its lack of sophisticated machinery. There is a strong need to boost the industry's production with the latest mining technology
- Currently, 20 companies account for 91% of Russia's total coal production. The main producer of coal is Siberian Coal and Energy Company (SUEK)
Key Topics Covered:
- Executive Summary
- Mining Industry Outlook in Russia
- Mining Industry Key Trends, Drivers and Challenges
- Mining Machinery Market Size and Forecast
- Regulatory framework
- Benchmarking with Key Global Markets
- Industry Structure and Dynamics of Coal, Metallic and Non-Metallic Mining
- Coal
- Iron ore
- Nickel
- Diamond
- Phosphate Rock
- Competitive Landscape and Strategic Insights
- Business Environment and Country Risk
- Appendix
Companies Mentioned:
- Magnitogorsk metallurgicheskiy kombinat OAO
- Mechel OAO
- OJSC MMC Norilsk Nickel
- OJSC Novosibirskenergo
For more information visit http://www.researchandmarkets.com/research/66b4c5/the_russian_mining