Precious Metals Mining in Russia to 2020

Russia ranked third in the world with 5,000 tonnes (t) or 9% of global reserves of gold as at January 2015. Substantial gold reserves can be found in the states of Krasnoyarsk Krai, Zabaykalsky Krai, Khabarovsk Krai, Magadan Oblast, Sakha (Yakutia) Republic and Amur Oblast with metal grades in the range of 0.2 grams/tonne (g/t) to 19.2g/t while, the country’s silver reserves are located in the federal districts of Urals, Siberia and the Far East with grades varying between 4g/t to 400g/t. Russian diamond reserves were 40 million carats in January 2015, ranking fifth globally and accounting for 5.5% of the global total. Simultaneously, platinum group metal reserves (PGM) were 1,100Mt, accounting for 1.6% of global PGM reserves. Platinum is mainly produced as a by-product of nickel and copper and deposits are mostly found in the Murmansk Oblast and Krasnoyarsk Krai in the Far East and Ural regions.

Scope

The report contains an overview of the Russian precious metals (gold, silver, diamond and platinum) mining industry, together information on reserves, historic and forecast production to 2020, historic and forecast refined metal consumption and consumption by end-use to 2020. Further, it provides information about production by Russian federal districts, precious metals prices, demand drivers, competitive landscape, active, exploration and development projects and the fiscal regime governing the Russian mining industry.

Reasons to buy

Gain an understanding of the Russian precious metals mining industry, reserves, historic and forecast production and refined metal consumption, prices, demand drivers, active, exploration and development projects, the competitive landscape and the country's fiscal regime.

Companies mentioned

Polyus Gold International Ltd

Petropavlovsk

Kinross Gold Corporation

Polymetal International Plc

MMC Norilsk Nickel

Alrosa

Table of Contents

1 Executive Summary

2 Gold Mining in Russia – Reserves, Production and Consumption

2.1 Reserves by Geographic Region, Grade and Major Producing Companies

2.1.1 Share of reserves by major producing companies

2.2 Historic and Forecast Production

2.2.1 Share of production by major companies

2.2.2 Gold mine production by federal district

2.3 Active Mines

2.4 Exploration and Development Projects

2.5 Total Refined Metal Consumption and Consumption by End-Use

2.6 Demand Drivers – Demand by End-Use Sector

3 Silver Mining in Russia – Reserves, Production and Consumption

3.1 Reserves by Geographic Region, Grade and Major Producer

3.2 Historical and Forecast Production

3.2.1 Share of production by major companies

3.2.2 Silver mine production by Russian federal subjects (regions)

3.3 Active Mines

3.4 Exploration and Development Projects

3.5 Total Refined Metal Consumption and Consumption by End-Use

3.6 Demand Drivers – Global Demand by End-Use Sector

4 Diamond Mining in Russia – Reserves, Production and Trade

4.1 Reserves by Geographic Region and Major Producing Companies

4.2 Historic and Forecast Production

4.3 Active Mines

4.4 Exploration Project

4.5 Exports

5 Platinum Mining in Russia – Reserves, Production and Consumption

5.1 Reserves by Geographic Region and Major Producing Companies

5.2 Historic and Forecast Production

5.3 Major Mines

5.4 Exploration Project

5.5 Total Refined Metal Consumption and Consumption by End-Use

5.6 Demand Drivers – Demand by End-Use Sector

6 Major Precious Metals Producers in Russia

6.1 Polyus Gold International Ltd (Polyus Gold)

6.2 Petropavlovsk Plc (Petropavlovsk)

6.3 Kinross Gold Corporation

6.4 Polymetal International Plc

6.5 Alrosa

6.6 MMC Norilsk Nickel

7 Fiscal Regime

7.1 The Russian Mining Industry – Governing Bodies

7.1.1 Ministry of Energy of the Russian Federation

7.1.2 Federal Agency for Mineral Resources

7.1.3 Ministry of Natural Resources and Environment of the Russian Federation

7.1.4 Federal Service for Environmental, Technological, and Nuclear Surveillance

7.1.5 Federal Service for Surveillance in the Sphere of Nature Use

7.2 The Russian Mining Industry – Governing Laws

7.3 The Russian Mining Industry – Ownership and Business Licenses

7.3.1 Subsoil ownership

7.3.2 Business licenses

7.3.3 License for the geological exploration and assessment of a subsoil plot

7.3.4 Production license

7.3.5 Combined geological research, exploration and production license

7.3.6 Termination of license

7.4 The Russian Mining Industry – Rights and Obligations

7.4.1 Rights

7.4.2 Obligations

7.5 The Russian Mining Industry – Key Fiscal Terms

7.5.1 One-time payments, rents and fees

7.5.2 Severance tax

7.5.3 Tax base

7.5.4 Corporate income tax

7.5.5 Transport tax

7.5.6 Property tax

7.5.7 Local taxes: tax on land

7.5.8 Depreciation

7.5.9 Tax incentive

7.5.10 Withholding tax

7.5.11 Loss carry forward

7.5.12 Value added tax (VAT)

8 Appendix

8.1 Abbreviations

8.2 Secondary Research

8.3 Primary Research

8.4 Contact GlobalData

8.5 About GlobalData

8.6 GlobalData’s Services

8.7 Disclaimer

List of Tables

Table 1: Precious Metals Mining in Russia – Gold Reserves by Ore Type and Grade for Selected Mines, 2014

Table 2: Precious Metals Mining in Russia – Gold Mine Production (Thousand Ounces) and Gold Prices*, 2000–2020

Table 3: Precious Metals Mining in Russia – Gold Mine Production by Federal Districts (Thousand Ounces), 2014

Table 4: Gold Mining in Russia – Active Mines, 2015

Table 5: Gold Mining in Russia – Gold Exploration Projects, 2015

Table 6: Gold Mining in Russia – Gold Development Projects, 2015

Table 7: Precious Metals Mining in Russia – Refined Gold Consumption by Sector (Thousand Ounces), 2003–2020

Table 8: Precious Metals Mining in Russia – Gold Reserves by Ore Type and Grade for Selected Mines, 2014

Table 9: Precious Metals Mining in Russia – Silver Mine Production (Thousand Ounces) and Silver Prices*, 2000–2020

Table 10: Precious Metals Mining in Russia – Silver Mine Production by Russian Federal Subjects (Regions) (Thousand Ounces), 2014

Table 11: Silver Mining in Russia – Active Mines, 2015

Table 12: Silver Mining in Russia – Exploration Projects, 2015

Table 13: Silver Mining in Russia – Development Projects, 2015

Table 14: Precious Metals Mining in Russia – Refined Silver Consumption by Sector (Thousand Ounces), 2004–2020

Table 15: Precious Metals Mining in Russia – Diamond Mine Production (Thousand Carats), 2004–2020

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

Table 17: Diamond Mining in Russia – Development Project, 2015

Table 18: Precious Metals Mining in Russia – Rough Diamond Exports (Thousand Carats), 2004–2020

Table 19: Precious Metals Mining in Russia – Platinum Mine Production (Thousand Ounces), 2000–2020

Table 20: Platinum Mining in Russia – Active Mines, 2015

Table 21: Platinum Mining in Russia – Exploration Projects, 2015

Table 22: Platinum Mining in Russia – Development Projects, 2015

Table 23: Precious Metals Mining in Russia – Refined Platinum Consumption by Sector (Thousand Ounces), 2000–2020

Table 24: Precious Metals Mining in Russia – Comparative Analysis of Major Precious Metal Producers, 2015

Table 25: Precious Metals Mining in Russia – Analysis of Diamond Producer, 2015

Table 26: Precious Metals Mining in Russia – Polyus Gold International Ltd, Major Projects, 2015

Table 27:: Precious Metals Mining in Russia – Petropavlovsk Plc, Major Projects, 2015

Table 28: Precious Metals Mining in Russia – Kinross Gold Corporation, Major Project, 2015

Table 29: Precious Metals Mining in Russia – Polymetal International Plc, Major Projects, 2015

Table 30: Precious Metals Mining in Russia – Alrosa, Major Projects, 2015

Table 31: Precious Metals Mining in Russia – Norilsk Nickel, Major Projects, 2015

Table 32: The Mining Industry in Russia – Severance Tax on Minerals (Other than Coal), 2014

Table 33: The Mining Industry in Russia – Transportation Tax Rates (%), 2014

Table 34: The Mining Industry in Russia – Depreciation Groups and Rates, 2014

Table 35: The Mining Industry in Russia – Withholding Taxes (%), 2014

List of Figures

Figure 1: Precious Metals Mining in Russia – Global Gold Reserves by Country (%), January 2015

Figure 2: Precious Metals Mining in Russia – Reserves by Major Gold Producing Company (%), 2014

Figure 3: Precious Metals Mining in Russia – Gold Mine Production (Thousand Ounces) and Gold Prices*, 2000–2020

Figure 4: Precious Metals Mining in Russia – Share of Gold Produced by Major Companies (%), 2014

Figure 5: Precious Metals Mining in Russia – Gold Mine Production by Federal Districts (%), 2014

Figure 6: Precious Metals Mining in Russia – Refined Gold Consumption by Sector (Thousand Ounces), 2003–2020

Figure 7: Precious Metals Mining in Russia – Global Demand by End-Use (%), 2014

Figure 8: Precious Metals Mining in Russia – Global Silver Reserves by Country (%), January 2015

Figure 9: Precious Metals Mining in Russia – Silver Mine Production vs Global Silver Prices*, 2000–2020

Figure 10: Precious Metals Mining in Russia – Share of Silver Produced by Major Companies (%), 2014

Figure 11: Precious Metals Mining in Russia – Silver Mine Production by Russian Federal Subjects (Regions) (%), 2014

Figure 12: Precious Metals Mining in Russia – Refined Silver Consumption by Sector (Thousand Ounces), 2004–2020

Figure 13: Precious Metals Mining in Russia – Consumption by End-Use Sector (%), 2014

Figure 14: Precious Metals Mining in Russia – Global Demand by End-Use Sector (%), 2014

Figure 15: Precious Metals Mining in Russia – Global Diamond Reserves by Country (%), January 2015

Figure 16: Precious Metals Mining in Russia – Diamond Mine Production (Thousand Carats), 2004–2020

Figure 17: Precious Metals Mining in Russia – Rough Diamond Exports (Thousand Carats), 2004–2020

Figure 18: Precious Metals Mining in Russia – Platinum Mine Production (Thousand Ounces), 2000–2020

Figure 19: Precious Metals Mining in Russia – Refined Platinum Consumption by Sector (Thousand Ounces), 2000–2020

Figure 20: Precious Metals Mining in Russia – Refined Platinum Consumption by Sector (Thousand Ounces), 2015–2020

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