Russia Mining Report Q3 2013 - New Market Report
We forecast Russia's mining industry value to reach US$157bn by 2017, growing at an annual average rate of 0.9%. We believe the country's mining industry will experience years of slowing growth as palladium and platinum production undergo modest increases over the coming years. Nevertheless, the coal sector holds much promise over the long term as the government plans to invest RUB3.7trn (US$120bn) in the sector between 2012 and 2030.
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