Russia

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Swedish Mining in Russia

Russia holds an estimated 15 - 17 per cent of the world’s total mineral deposits and produces approximately 14 per cent of the world’s total mineral output. Around 20,000 Russian mineral deposits have been explored, and only one-third of these have been mined, which shows a significant potential for companies within the mining industry.

With Russia’s WTO entry in year 2012, a wide spectra of opportunities to enter a market that was earlier hard to access now opens up.

The Government in Russia plans to invest 93,5 BEUR in coal mining until year 2030. Additionally Russian authorities have developed a plan until year 2020 with investments into research of subsoil and renewal of the mineral resource base. Russian mining companies focus on structure and to increase operational efficiency and equipment maintenance in order to cut costs and prevent breakdowns. Major Russian mining companies have conducted several study visits to Swedish mines to learn about mine structuring and planning.

The Swedish main mining suppliers like ABB, Atlas Copco, Sandvik, Scania Trucks, SKF, SSAB and Volvo Construction Equipment have a strong presence in the market for a significant time and they are well known for innovate, safe and sustainable products and services. ABB, Scania Trucks, SKF and Volvo Construction Equipment also have long time established production in Russia.