Mining industry and opportunities for Norwegian companies in Russia

In terms of both area and the sheer variety of endowments, Russia figures as a major mining nation of the world. It is home to an array of minerals and metals including nickel, platinum, bauxite, cobalt, coal and tin. Russia accounts for a large share of the world’s output of diamonds, gold, silver and PGM.  

The country has vast mineral and metal reserves and the export of these resources significantly contributes to the Russian economy. Overall, the most significant mineral-producing regions are the Kola Peninsula, the East Siberia, the Urals and the Russian Far East. The region to the east of the Urals possesses more than half of Russia’s mineral resources. Siberia hosts the bulk of Russia’s nickel, platinum and diamond deposits, and despite harsh geography and weather conditions, remains an attractive destination for mining players from around the world.

Russia’s global dominance in some metal and mineral commodities is unchallenged. It dominates the global production of the PGM, producing 40% of the world’s palladium, 15% of platinum as well as 20% of the world’s nickel and cobalt output. In addition, Russia is also among the world’s big-three diamond producers.

Russia-based Norilsk Nickel, Alrosa and Polyus Gold are some of the major local mining players that have established a strong presence.

Prospects for the Russian mining industry appear bright with several promising minerals, metals, gold and diamond deposits.

Innovation Norway Russia plays a vital role in facilitating the process of taking Norwegian mining technology and products to the Russian market. We welcome you to join the major events in this field in 2019:

Mining World Russia exhibition (MWR) in Moscow in April is an international exhibition and conference on mining and processing of metals and minerals. It is an effective platform for direct contact of producers and suppliers with specialists of Russian mining companies, mineral processing enterprises and trading companies. This exhibition is the largest event for the industry in Russia. MWR 2018 took place on more than 11 000 sq.m., where more than 250 exhibitors from more than 40 foreign countries and 60 regions of Russia presented their equipment, services and projects. Norwegian stand was presented by eight Norwegian companies: Thrane Teknikk, Tomra Sorting Solutions, R-Tek/Tyri Russia, Komatsu KVX, Nordic Seal, Narvik Composite, Protan and Envitec.

Coal Mining Russia exhibition in Novokuznetsk in June is an international trade fair for mining technology, exploration, underground mining, open-cast mining, mineral processing and coal preparation. It is supported by well-known and important institutes and associations.

Mining & Metals Central Asia in Kazakhstan in September is the largest and most respected in Kazakhstan and Central Asia international exhibition of mining and metallurgic complex combining leading manufacturers and specialists and providing a full complex of technologies and services for mining and processing complex. Innovation Norway in Russia is the organizer of the national Norwegian stand.

For further information on the opportunities and other activities in the mining sector, please contact:
Viktor Avershin 
Senior Adviser
Innovation Norway Russia
T: +7 495 6636843
M: +7 903 1364907

Photo: Thinkstock

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