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Changes in the Mineral Resources Economy of the Russian North

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Studies on Russian Economic Development Aims and scope

Abstract

This article considers two trends in the structural changes in the mineral commodity economy of the regions of the Russian North. The first trend is the stabilization of oil and gas production volumes with the rapid progress in oil and gas chemistry. The second trend is an increase in the production and comprehensive utilization of raw ore. The first trend contemplates a change in priorities in developing coastal Arctic territories and water areas as well as a more important role of medium and small deposits in the territory of old developed areas in the extraction of hydrocarbons. The second trend implies a more intensive production of nonferrous, rare, and rare-earth metals extremely necessary for recovering machine building, the technology sector, and other industries of the national economy. New opportunities for developing the regions of the Russian North are exposed in connection with the utilization of mineral raw materials and the organization of natural resources economy by region. It is emphasized that the mining industry can be a growth driver like the oil and gas industry. This circumstance somewhat counterbalances the economic potentials of the regions of the Russian North that specialize in mining and the fuel and energy industry.

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Notes

  1. Energy Strategy of the Russian Federation for the period up to 2035. Adopted on June 9, 2020 by decree 1523-r of the Government of Russia.

  2. Programs for the Development of the Coal Industry of Russia for the period up to 2035. Adopted on June 13, 2020 by decree 1582-r of the Government of Russia.

  3. Final phase of geological prospecting and exploration as a result of which mineral resource reserves are reclassified from categories B and С1+С2 to categories А+В in reservoir parts, units, and horizons to be explored in the nearest perspective.

  4. Strategy for the Development of the Metal Industry of Russia for the period up to 2030. Adopted on December 28, 2022 by decree 4260-r of the Government of Russia.

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ACKNOWLEDGMENTS

We thank our colleagues N.V. Galtseva (Magadan), F.D. Larichkin and L.A. Ryabova (Apatity), L.A. Chaika and I.N. Burtseva (Syktyvkar) for helping to select information sources for preparing this article.

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This work was supported by ongoing institutional funding. No additional grants to carry out or direct this particular research were obtained.

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Authors and Affiliations

  1. Institute of Socioeconomic and Energy Problems of the North, Komi Research Center, Ural Branch, Russian Academy of Sciences, 167982, Syktyvkar, Komi Republic, Russia

    V. N. Lazhentsev

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  1. V. N. Lazhentsev
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Correspondence to V. N. Lazhentsev.

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Translated by S. Kuznetsov

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Lazhentsev, V.N. Changes in the Mineral Resources Economy of the Russian North. Stud. Russ. Econ. Dev. 35, 144–149 (2024). https://doi.org/10.1134/S1075700724010088

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