Putin touts Russia's coal, mineral 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.
MOSCOW: Russian President Vladimir Putin has highlighted Russia's substantial coal reserves, asserting that the country remains a top global market player, despite the industry's current difficulties. According to Russian News Agency TASS, Russia's coal, coke, iron ore, and other minerals are vital to the national economy. The nation is second in coal reserves worldwide, third in exports, and sixth in production.
Despite the challenging phase the coal sector is facing, Russia maintains a leading global position. On Miners Day, Putin addressed miners via a video message, stating that the country's coal industry meets domestic demand for coking and thermal coal. The industry produced 440 million tonnes of coal last year and has been increasing labour productivity by 18% over the past five years.
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