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Mining contributes 11% of Russia’s total GDP, and the value of its subsoil wealth is estimated at $75 trillion, the largest in the world. While much of this is oil and diamonds, Russia’s gold mining industry is currently worth $908 million in exports every year.
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More than 66% of Russian gold production comes from just six eastern regions (Amur, Irkutsk, Khabarovsk, Krasnoyarsk, Magadan, and Sakha-Yakutia). During the past 4 years, foreign companies have controlled 15% to 18% of Russian gold production, which was the largest share held for any commodity in the Russian mining industry.
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Russian coal mining is moving forward at a terrific pace. Overall production volumes grew 7% between 2017 and 2018, amounting to an impressive 431.7m tons. 14% of global coal production came from Russian sources during that time, netting Russia’s coal …
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7-11-2017 · Go inside a cryptocurrency farm planted in a massive former Soviet car factory where hundreds of computers are churning out Bitcoins and Ethereums around the...
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Metals & Mining in Russia. Iron ore. Iron ore production in Russia in 2015 was flat in comparison with 2014 volumes, at 97.6 million tonnes. Capacity utilisation for iron ore in the Russia industry is close to 90-95%, due to stable demand from Russian steel producers and export
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Russian Copper Company may buy 50% of Chelyabinsk coal company 03/09/2017 - 21:47 EVRAZ implements flotation technology at the processing plant “Raspadskaya”
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24-11-2019 · While Russian law doesn’t recognize crypto mining, Bitriver isn’t engaged in mining itself and only provides equipment at the data center and technical services, meaning its business is legal.
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The Takeaway: Russia’s abandoned Soviet-era factories are enjoying a second life as cryptocurrency mining facilities. Siberia’s big hydropower plants (another legacy of …
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