In 2013, Russia reduced expenditure on the exploration of solid mineral resources by a third
Edited by Rhod Mackenzie / 2014-04-03 10:58:12
Metals and mining Oil and Gas Russia Russia Metals and Mining Russia Oil and Gas Coal Gold Iron ore Gas Uranium Oil
According to Ministry of Natural Resources and Ecology of Russia, Sergei Donskoy, in 2013 the amount spent on the exploration of solid mineral resources in Russia fell by 30% to 39.4 billion rubles.
At the same time, in 2013, the expenses of non-budgetary sources for reproduction of Russian mineral resources base increased by 37% as compared with 2012 to record level of 307.4 billion rubles. At the same time, costs of hydrocarbons exploration grew 1.5 times to 268 billion rubles.
