Putin says Russia holds world's second-largets coal reserves
MOSCOW: President Vladimir Putin said Russia holds the world’s second-largest coal reserves and remains a global market leader despite the industry’s current challenges, Russian News Agency TASS reported.
President Vladimir Putin declared on Miner's Day that Russia possesses the world's second-largest coal reserves and maintains its status as a global leader in the coal market, despite the industry's present challenges. Russia's rich endowment of coal, coke, iron ore, and other minerals remains a cornerstone of the national economy.
According to Putin, the country holds the second-largest coal reserves globally, ranks third in coal exports, and sits sixth in coal production. Despite the tough period the coal sector is currently facing, Russia remains committed to leading the global market. The president assured miners that Russia meets the domestic demand for coking and thermal coal.
In 2020, Russia produced 440 million metric tons of coal, with labor productivity growing by 18% over five years. Putin pledged to further develop the coal industry by optimizing transportation logistics, enhancing workplace safety, improving miners' families' quality of life, and upgrading cities and towns. He emphasized that modern coal mining is an industry of the future, thanks to the industry's adoption of digital innovations and high-performance equipment.
Furthermore, Putin stressed the importance of workforce training and raising the prestige of mining professions in the industry.
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