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All rights reserved. Printed in Russia. 5. 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 sales.

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In addition, the Russian metal mining industry was also in decline. The coal mining sector has been developing rapidly in recent years and annual productivity in this subsector has grown 30% to as much as 2,500 tons per employee in 2015 from 1,880 tons in 2010. Russia is the world’s third largest exporter of coal, exporting 140 million tons in 2015.

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The mining company operates seven plants and five mines in Russia, with subsidiaries in Beijing, Singapore, Panama and Brazil, among others. The company's 2016 revenue was $2.22 billion, with net profit of $1.42 billion. Uralkali's market cap is $9.85 billion. It ranks as the 33rd largest global mining company by market cap in 2017.

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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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In Q1 2016, coal in Russia was mined by 169 companies, 107 of which dealt with open-pit mining and 62 took coal in mines. The industrial reserves of operating Russian companies that mine power station coal stand at about 15 billion tons. Nowadays it is only Russian Coal Group that has the reserves of 1.2 billion tons of thermal coal.

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