Coal
The Energy Strategy for Russia for the Period up to 2020 foresees the need for coal production to increase to between 310 and 330 Mt by 2010 and to between 375 and 430 Mt by 2020 to meet expected domestic demand. Russia has 22 coal basins with 114 coal deposits that are unevenly distributed across the country. In 2005, the country had 241 operating coal mines, which included 104 underground mines and 137 open pits with a total production capacity of 315 Mt/yr. Total coal reserves registered in the State Register of Reserves were estimated to be about 200 Gt, and registered reserves in the explored categories A+B+C1 in the reserve classification system that was used in the Soviet Union and later Russia were reported as 106 Gt. These include coal reserves in operating coal mines, in mines under construction, and in areas explored in detail for new mine construction. As foreseen in the country’s energy strategy program, coal production must increase by 10 to 15 Mt/yr between 2005 and 2010 and by a total of 105 Mt by the year 2020. Although the creation of additional coal production capacity through upgrading and expansion of existing mines and development of new mines was possible based on reserves, doing so would require a level of investment in the coal sector far in excess of the historic level of investment in the past 5 years and casts doubt on the feasibility of the planned expansion. At current rates of investment coal production capacity by the year 2020 would be in the neighborhood of 375 Mt/yr. This optimistic investment scenario would depend to a large extent on an increase in foreign investment, particularly from Chinese, Japanese, and South Korean companies.
Read more about this topic: Mining Industry Of Russia, Mineral Resources, Mineral Fuels and Related Materials
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—Calvin Coolidge (18721933)