Iron Ore Mining in Russia to 2020

In terms of production, Russia was the largest producer of iron ore in Europe and the fifth-largest producer globally in 2014.

Central Russia accounts for more than half of country’s production, while the rest of the output originates from the Ural and Siberia regions.

GlobalData estimated Russian iron ore production at 105 million tonnes in 2014.

Scope

The report provides information on Russian iron ore reserves, and compares this with other countries.

It also covers iron content in reserves, historic and forecast iron ore production and production by form together with the key demand drivers affecting the industry, trade (export and import partners), historic and forecast consumption and consumption by industry, competitive landscape, major active, exploration and development projects and the fiscal regime governing the Russian mining (iron ore) industry.

Key Highlights

• Russia had the third-largest crude iron ore reserves with 25 billion tonnes, representing a global share of 13.1%, with deposits mainly located in the Ural region, Moscow, northwest Russia and Siberia.

• In terms of production, Russia was the largest producer of iron ore in Europe and the fifth-largest producer globally in 2014. Central Russia accounts for more than half of the country’s production, while the rest of the output originates from the Ural and Siberia regions.

• The estimated growth in Russian iron ore production is attributed to the scheduled commissioning of various upcoming iron ore projects such as the Garinskoye project in Irkutsk Oblast and the Bystrinskoye deposit in Zabaykalsky Krai province, both scheduled to commence operations by the end of 2015.

Reasons to buy

Gain an understanding of the Russian iron ore mining industry, the relevant demand drivers, reserves, historic and forecast production, production by form, consumption by industry, major exporting and importing countries, active, exploration and development projects, and the competitive landscape.

Table of Contents

1 Executive Summary

2 Iron Ore Mining in Russia – Reserves, Production, Consumption and Trade

2.1 Reserves by Geographical Location and Type

2.2 Historical and Forecast Production

2.2.1 Total production by form – lumps and fines

2.3 Production by Major Mines

2.4 Major Exploration and Development Projects

2.5 Production by Region

2.6 Domestic Consumption vs Exports

2.6.1 Consumption by industry

2.6.2 Exports by destination

2.6.3 Imports by country

2.7 Demand Drivers

2.7.1 Demand from the steel industry

2.8 Major Iron Ore Producers in Russia

2.8.1 Holding Company Metalloinvest

2.8.2 Severstal Group

2.8.3 Evraz Group SA

3 Fiscal Regime

3.1 The Russian Mining Industry – Governing Bodies

3.1.1 Ministry of Energy of the Russian Federation

3.1.2 Federal Agency for Mineral Resources

3.1.3 Ministry of Natural Resources and Environment of the Russian Federation

3.1.4 Federal Service for Environmental, Technological, and Nuclear Surveillance

3.1.5 Federal Service for Surveillance in the Sphere of Nature Use

3.2 The Russian Mining Industry – Governing Laws

3.3 The Russian Mining Industry – Mine Ownership and Business Licenses

3.3.1 Subsoil ownership

3.3.2 Business licenses

3.4 The Russian Mining Industry – Mining Rights and Obligations

3.4.1 Rights

3.4.2 Obligations

3.5 The Russian Mining Industry – Key Fiscal Terms

3.5.1 One-time payments, rents and fees

3.5.2 Severance Tax

3.5.3 Corporate Income Tax

3.5.4 Transport Tax

3.5.5 Property tax

3.5.6 Local taxes: tax on land

3.5.7 Depreciation

3.5.8 Tax incentive

3.5.9 Withholding tax

3.5.10 Loss carry forward

3.5.11 Value added tax (VAT)

4 Appendix

4.1 Abbreviations

4.2 Secondary Research

4.3 Primary Research

4.4 Contact GlobalData

4.5 About GlobalData

4.6 GlobalData’s Services

4.7 Disclaimer

List of Tables

Table 1: Iron Ore Mining in Russia – Total Production (Million Tonnes), 2000–2020

Table 2: Iron Ore Mining in Russia – Production by Lumps and Fines (Million Tonnes), 2000–2020

Table 3: Iron Ore Mining in Russia – Major Active Mines, 2015

Table 4: Iron Ore Mining in Russia – Major Exploration Projects, 2015

Table 5: Iron Ore Mining in Russia – Major Development Projects, 2015

Table 6: Iron Ore Mining in Russia – Consumption vs Exports (Million Tonnes), 2001–2020

Table 7: Iron Ore Mining in Russia – Exports by Region and Destination (Million Tonnes), 2014

Table 8: Iron Ore Mining in Russia – Competitive Landscape, 2015

Table 9: Iron Ore Mining in Russia – Holding Company Metalloinvest, 2015

Table 10: Iron Ore Mining in Russia – Severstal Group, 2015

Table 11: Iron Ore Mining in Russia – Evraz Group SA, 2015

Table 12: The Mining Industry in Russia – Severance Tax on Minerals (Other than Coal), 2014

Table 13: The Mining Industry in Russia – Transportation Tax Rates (%), 2014

Table 14: The Mining Industry in Russia – Depreciation Groups and Rates, 2014

Table 15: The Mining Industry in Russia – Withholding Taxes (%), 2014

List of Figures

Figure 1: Iron Ore Mining in Russia – Reserves of Iron Ore in Russia and Selected Other Countries (Million Tonnes) vs Iron Content, 2014

Figure 2: Iron Ore Mining in Russia – Total Production (Million Tonnes) vs Annual Iron Ore Price, 2000–2020

Figure 3: Iron Ore Mining in Russia – Production by Lumps and Fines (Million Tonnes), 2000–2020

Figure 4: Iron Ore Mining in Russia – Consumption vs Exports (Million Tonnes), 2001–2020

Figure 5: Iron Ore Mining in Russia – Steel Consumption by Sector (%), 2014

Figure 6: Iron Ore Mining in Russia – Exports by Destination * (%), 2014

Figure 7: Iron Ore Mining in Russia – Crude Steel Production in Russia (Million Tonnes), 2009–2019

Figure 8: Chinese Iron Ore and Concentrate Imports (Million Tonnes), 2009–2013

Figure 9: Iron Ore Mining in Russia – Planned Infrastructure Investments by Sector (%), 2015–2020

Figure 10: Iron Ore Mining in Russia – Iron Ore Production by Major Companies (%), 2013*

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