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Primorsky region, Russia, cuts production of minerals in 2014

According to 2014 exploration results, the Primorsky region (Far East) of Russia had 31.61 million m³ of common minerals (such as sand, gravel), up from 15.5 million m³ in 2013. It is reported to have produced 4,064m³ in 2014 (-846,000m³ year-on-year). Market players attribute the decline to the decrease in the demand for building materials and the absence of major projects. As of 1 January 2015, the region had 253 mining licenses for areas of common minerals against 206 in 2013, and the total number
June 9, 2015 Read time: 1 min

According to 2014 exploration results, the Primorsky region (Far East) of Russia had 31.61 million m³ of common minerals (such as sand, gravel), up from 15.5 million m³ in 2013. It is reported to have produced 4,064m³ in 2014 (-846,000m³ year-on-year).

Market players attribute the decline to the decrease in the demand for building materials and the absence of major projects.

As of 1 January 2015, the region had 253 mining licenses for areas of common minerals against 206 in 2013, and the total number of sub-soil users is 110.

The regional Department of Natural Resources reports there are 324 deposits of common mineral, reserves estimated at 1.459 billion m³. Of these, 184 are being developed and 140 are undistributed.