- Consulting Editors
- Modernization and the Russian Economy: Three Hundred Years of Catching Up
- Command Economy and its Legacy
- Russia’s Economic Transformation
- Transformational Recession
- Growth Trends in Russia After 1998
- Institutional Performance
- Corporate Governance in Russia
- The Russian Tax System
- The Unofficial Economy in Russia
- Russian Corruption
- Russia’s Dependence on Resources
- The Russian Oil Sector
- The Russian Natural Gas Sector
- The Russian Electricity Market: Variants of Development
- The Economics of Mineral Resources
- The Challenge of Reforming Environmental Regulation in Russia
- Economics of the Military-Industrial Complex
- Science, High-Tech Industries, and Innovation
- Blame the Switchman? Russian Railways Restructuring After Ten Years
- Russian Agriculture and Transition
- Russian Banking as an Active Volcano
- Financial and Credit Markets
- Russian Trade and Foreign Direct Investment Policy at the Crossroads
- Economic Geography of Russia
- Russian Fiscal Federalism: Impact of Political and Fiscal (De)centralization
- Regional Challenges: the Case of Siberia
- Labor Market Adjustment: is Russia Different?
- Higher Education Reform and Access to College in Russia
- Russia’s Health Care System: Difficult Path of Reform
- Poverty and Inequality in Russia
- Recent Demographic Developments in the Russian Federation
Abstract and Keywords
This chapter is an account of the Russian mining industry since the collapse of the Soviet Union. The focus is on the minerals feeding into the ferrous and nonferrous metal industries. The main companies and their owners are discussed, as is the basic strategies adopted by the sector, its successes and failures, and future outlook. Major issues include privatization (the sector is largely in private hands), vertical integration (metal producers buying up inputs), structure (little consolidation despite regular talk of it), state regulation, the status of Russian mineral reserves, and the incentive structures, funding, and capacity for mineral exploration and exploitation. Challenges for the future include the state’s expectations that inputs be made available domestically at “reasonable” prices, foreign investment in the sector, and maintaining what is a rich but problematic raw material base.
Stephen Fortescue is an Associate Professor of Russian Politics at the University of New South Wales in Australia. His research interests include business-government relations, the mining and metals industry, and the policy-making process in contemporary Russia.
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