Market Report, "Russia Mining Report Q3 2012", Published
We expect Russia's mining industry value to reach RUB4.16trn (US$160bn) by 2016. Strong growth during 2009 to 2011 will be followed by years of stagnation as palladium and platinum production growth in the country from 2012 to 2016 practically ceases. Nevertheless, we have a positive view on the Russian mining industry given the country's vast unexplored mineral resources. We like coal as the government plans to invest RUB3.7trn (US$120bn) on the sector from 2012 to 2030. As for platinum and...
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