Putin touts Russia's coal, mineral reserves
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President Vladimir Putin highlighted Russia's significant coal reserves, positioning the nation as the world's second-largest coal reserve holder, despite the industry's current challenges, according to Russian News Agency TASS. The country's coal, coke, iron ore, and other minerals are considered crucial to the national economy.
Russia currently ranks third in coal exports and sixth in production. Despite the difficult period the coal industry is facing, Russia maintains a leading position in the global market. In a video message to miners on Miners Day, Putin confirmed that the country fulfills domestic demand for coking and thermal coal. Russia produced 440 million tonnes of coal last year, a figure that remains stable.
Additionally, labor productivity in the industry has increased by 18 percent over the past five years.
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