Base Metals Mining in Russia to 2020

Russia ranked fifth globally with 30 million tonnes (Mt) of copper reserves as of January 2015, equal to 4.3% of the global total. Simultaneously, the country had the world's fourth-largest nickel reserves at 7.9Mt. According to the Committee of the Russian Federation for Geology and Subsoil, estimated zinc reserves and resources were 9.3Mt at the end of 2013. The mining industry is important for its economy and had contributed 11% towards overall gross domestic product (GDP) in the third quarter of 2014, and employed approximately 9.3% of the country’s total population in 2014. Over the forecast period (2015–2020), copper mine production is expected to increase to 813,010t, while nickel and zinc mine production is expected to increase to 276,480t and 196,882t respectively in 2020.

Scope

The report contains an overview of the Russian base metals (copper, nickel and zinc) mining industry, together with the key growth factors and restraints affecting the industry. It also provides information about reserves, reserves by region, historic and forecast production, production by state, base metal prices, trade information, the competitive landscape, and active, exploration and development projects.

Reasons to buy

Gain an understanding of the Russian base metals (copper, nickel and zinc) mining industry, historic and forecast production, refined metal consumption and ores and concentrates exports, prices, demand drivers, active, exploration and development projects, the competitive landscape, and the country's fiscal regime.

Companies mentioned

MMC Norilsk Nickel

Ural Mining and Metallurgical Company (UMMC)

the Russian Copper Company

Table of Contents

1 Executive Summary

2 Copper Mining in Russia – Reserves, Production, Consumption And Trade

2.1 Reserves by Geographical Region and Grade

2.2 Historic and Forecast Production

2.2.1 Copper mine production by state

2.2.2 Location of copper mines in Russia

2.3 Active Mines

2.4 Exploration and Development Projects

2.5 Domestic Refined Metal Consumption vs Ores and Concentrates Exports

2.5.1 Exports by country

2.6 Demand Drivers

3 Nickel Mining in Russia – Reserves, Production, Consumption and Trade

3.1 Reserves by Geographical Region and Grade

3.2 Historic and Forecast Production

3.2.1 Nickel mine production by state

3.2.2 Location of nickel mines in Russia

3.3 Active Mines

3.4 Exploration and Development Projects

3.5 Domestic Refined Metal Consumption vs Ores and Concentrates Exports

3.6 Demand Drivers

3.6.1 Demand from the stainless steel industry

4 Zinc Mining in Russia – Reserves, Production, Consumption And Trade

4.1 Reserves by Geographical Region and Grade

4.2 Historic and Forecast Production

4.2.1 Zinc mine production by state

4.3 Active Mines

4.4 Development Projects

4.5 Domestic Refined Metal Consumption vs Ores and Concentrates Exports

4.5.1 Consumption by end use sector

4.5.2 Exports by country

4.6 Demand Drivers

4.6.1 Russian domestic demand from construction and automobile sector

5 Major Base Metals Producers in Russia

5.1 MMC Norilsk Nickel

5.2 Ural Mining and Metallurgical Company (UMMC)

5.3 Russian Copper Company (RMK)

6 Fiscal Regime

6.1 The Russian Mining Industry – Governing Bodies

6.1.1 Ministry of Energy of the Russian Federation

6.1.2 Federal Agency for Mineral Resources

6.1.3 Ministry of Natural Resources and Environment of the Russian Federation

6.1.4 Federal Service for Environmental, Technological and Nuclear Surveillance

6.1.5 Federal Service for Surveillance in the Sphere of Nature Use

6.2 The Russian Mining Industry – Governing Laws

6.3 The Russian Mining Industry – Ownership and Business Licenses

6.3.1 Subsoil ownership

6.3.2 Business licenses

6.4 The Russian Mining Industry – Rights and Obligations

6.4.1 Rights

6.4.2 Obligations

6.5 The Russian Mining Industry – Key Fiscal Terms

6.5.1 One-time payments, rents and fees

6.5.2 Severance tax

6.5.3 Corporate income tax

6.5.4 Transport tax

6.5.5 Property tax

6.5.6 Local taxes: tax on land

6.5.7 Depreciation

6.5.8 Tax incentive

6.5.9 Withholding tax

6.5.10 Loss carry forward

6.5.11 Value added tax (VAT)

7 Appendix

7.1 Abbreviations

7.2 Secondary Research

7.3 Primary Research

7.4 Contact GlobalData

7.5 About GlobalData

7.6 GlobalData’s Services

7.7 Disclaimer

List of Tables

Table 1: Base Metals Mining in Russia – Copper Reserves by Grade for Selected Mines, 2015

Table 2: Base Metals Mining in Russia – Historic and Forecast Copper Mine Production (Thousand Tonnes), 2000–2020

Table 3: Copper Mining in Russia – Active Mines, 2015

Table 4: Copper Mining in Russia – Exploration Projects, 2015

Table 5: Copper Mining in Russia – Development Projects, 2015

Table 6: Base Metals Mining in Russia – Historic and Forecast Refined Copper Metal Consumption vs. Ores and Concentrates Exports, (Thousand Tonnes), 2000–2020

Table 7: Base Metals Mining in Russia – Exports by Country (Thousand Tonnes), 2014

Table 8: Base Metals Mining in Russia – Nickel Reserves by Grade for Selected Mines, 2015

Table 9: Base Metals Mining in Russia – Historic and Forecast Nickel Mine Production (Thousand Tonnes), 2000–2020

Table 10: Nickel Mining in Russia – Active Mines, 2015

Table 11: Nickel Mining in Russia – Exploration Projects, 2015

Table 12: Nickel Mining in Russia – Development Projects, 2015

Table 13: Base Metals Mining in Russia – Historic and Forecast Refined Nickel Consumption vs. Ores and Concentrates Exports, (Thousand Tonnes), 2008–2020

Table 14: Base Metals Mining in Russia – Major Zinc Deposits, 2013

Table 15: Base Metals Mining in Russia – Historic and Forecast Zinc Mine Production, (Thousand Tonnes), 2000–2020

Table 16: Zinc Mining in Russia – Active Mines, 2015

Table 17: Zinc Mining in Russia – Development Projects, 2015

Table 18: Base Metals Mining in Russia – Historic and Forecast Refined Zinc Consumption vs. Ores and Concentrates Exports, (Thousand Tonnes), 2000–2020

Table 19: Base Metals Mining in Russia – Historic and Forecast Refined Zinc Consumption by End-Use Sector, (Thousand Tonnes), 2000–2020

Table 20: Base Metals Mining in Russia – Exports by Country (Thousand Tonnes), 2014

Table 21: Base Metals Mining in Russia – Comparative Analysis of Major Producers, 2014

Table 22: Base Metals Mining in Russia – MMC Norilsk Nickel, Projects, 2015

Table 23: Base Metals Mining in Russia – Ural Mining and Metallurgical Company, Projects, 2015

Table 24: Base Metals Mining in Russia – Russian Copper Company, Projects, 2015

Table 25: The Mining Industry in Russia – Transportation Tax Rates (%), 2014

Table 26: The Mining Industry in Russia – Depreciation Groups and Rates, 2014

Table 27: The Mining Industry in Russia – Withholding Taxes (%), 2014

List of Figures

Figure 1: Base Metals Mining in Russia – Global Copper Reserves by Country (%), 2014

Figure 2: Base Metals Mining in Russia – Historic and Forecast Copper Mine Production (Thousand Tonnes) vs. Global Copper Prices (US$/tonne), 2000–2020

Figure 3: Base Metals Mining in Russia – Location of Copper Producing Mines, Taymyr Peninsula

Figure 4: Base Metals Mining in Russia – Historic and Forecast Refined Copper Metal Consumption vs Ores and Concentrates Exports, (Thousand Tonnes), 2000–2020

Figure 5: Base Metals Mining in Russia – Exports by Country (%), 2014

Figure 6: Base Metals Mining in Russia – Construction Share by Market (%), 2014

Figure 7: Base Metals Mining in Russia – Construction Output by Project Type (US$ Million), 2010–2019

Figure 8: Base Metals Mining in Russia – Location of Nickel Reserves in Russia

Figure 9: Base Metals Mining in Russia – Global Nickel Reserves by Country (%), 2014

Figure 10: Base Metals Mining in Russia – Historic and Forecast Nickel Mine Production (Thousand Tonnes) vs. Global Nickel Prices (US$/tonne), 2000–2020

Figure 11: Base Metals Mining in Russia – Location of Nickel Producing Mines, Kola Peninsula, Murmansk

Figure 12: Base Metals Mining in Russia – Historic and Forecast Refined Nickel Consumption vs Ores and Concentrates Exports (Thousand Tonnes), 2008–2020

Figure 13: Base Metals Mining in Russia – Exports of Stainless Steel by Type to Ukraine (%), H1 2014

Figure 14: Base Metals Mining in Russia – Historic and Forecast Zinc Mine Production (Thousand Tonnes) vs. Global Zinc Prices (US$/tonne), 2000–2020

Figure 15: Base Metals Mining in Russia – Historic and Forecast Refined Zinc Consumption vs. Ores and Concentrates Exports, (Thousand Tonnes), 2000–2020

Figure 16: Base Metals Mining in Russia – Historic and Forecast Refined Zinc Consumption by End Use Sector (Thousand Tonnes), 2000–2020

Figure 17: Base Metals Mining in Russia – Exports by Country (%), 2014

Figure 18: Base Metals Mining in Russia – Total Automobile Production in Russia (Number of Units), 2004–2014

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