The content of this report will be updated with the latest scenarios based on the global COVID-19 Pandemic
Our "Precious Metals and Diamond Mining in Russia to 2023" comprehensively covers Russian reserves and historic and future production of gold, silver, platinum and diamond, factors affecting demand and key mining companies. Key details on major active and developing mines are also provided, including mine type, stage, reserves and production.
Russia had the world’s largest diamond reserves, with 650 million carats, as of February 2019. That same year, it had the second-largest platinum reserves, third-largest gold reserves, and fourth-largest silver reserves globally.
The country’s gold production increased by 4.1% to 9.7 million ounces in 2018 owing to increased production from Polyus and Polymetal International Plc. Simultaneously, the country’s silver mine production reached 46.7Moz, a 3.4% rise. In contrast, the production of platinum and rough diamonds declined by 2.7% and 6.7% respectively.
The shutdown of the Mir underground mine and lower grades at the Nyurbinskaya and Botuobinskaya pipes impacted the country’s diamond production, while a 3% fall in production from MMC Norilsk was a major factor behind the fallback in the country’s platinum output.
- The report provides an overview of the Russian gold, silver, platinum and diamond mining industries together with the key factors affecting the industry and demand for precious metals and diamonds. It also provides details on reserves, historic and forecast production and lists all major developing and active mines and projects.