Mining in Russia

Read the following texts. Translate them. Give a brief comparison of the mining industry in different countries

Russia is a major minerals producer, being a global leader in several products, including diamonds, nickel, copper, coal, gold, PGE's, tin and bauxite. The mining industry in Russia is one of the most extensive in the world, and is considered a bellwether for the entire Russian economy. Mineral extraction accounts for approximately 20% of the overall economy of Russia, and provides nearly 15% of the worldwide total mineral extraction. Among the biggest mining companies in Russia are the Siberian Coal Energy Company, Alrosa, Polyus Gold International, and the United Company Rusal Plc.
The most significant mineral producing regions in Russia are located in the Kola Peninsula, the North Caucasus, East Siberia, the Urals and the Russian Far East. Successful gold exploration and mining were introduced in Russia by Peter the Great. In 1702 the first silver deposit was discovered in Transbaikalia (Nerchinsky Mine) and in 1745 a peasant named Erofey Markov found gold on the eastern slope of the Ural Mountains and in 1748 the first Russian purely gold mine was set up.

The country is home to some of the world’s biggest producers of steel and other industrial metals such as aluminum and nickel. Russia has the world's largest proven iron ore reserves and the world's second largest coal reserves. One drawback for the industry is the current deteriorated condition of a large number of mines that have not been structurally upgraded in many years.
Metalloinvest, which ranks fourth in iron-ore mining, and possesses the largest iron-ore deposits in the world, is based in this resource-rich country. Besides, Russia is the world’s sixth-largest gold miner after China, South Africa, Australia, the United States, and Peru. Norilsk Nickel, the world’s largest producer of nickel and palladium, is located in Russia. The company accounts for more than 20% of global nickel output, more than 10% of cobalt production, and 3% of the world’s copper production. In a recent development, Norilsk Nickel offered Russian aluminum producer UC Rusal about $12 billion to buy back its 25% stake in the company. Russia's largest export mineral product is natural gas, followed by crude oil and petroleum products. Russia is one of the world's largest producers of gem quality diamonds. Russia is ranked 5th in the world with respect to coal production. Russia has enormous uranium stockpiles. There is one uranium mining company, Priargunskiy that exploits the Streltsovkoye deposit situated at Krasnokamensk in the Transbaikal region of Chita oblast.

There is a quite wide range of foreign companies already involved in the Russian market. Among them: Ovoca Gold Plc (Ireland, gold mining), Kinross Gold (Canada, gold mining), Liebherr (Switzerland, machinery manufacturer), JCB (UK, machinery manufacturer), Hyundai (machinery manufacturer), Caterpillar (machinery manufacturer), Hatch (Canada, project management in mining), Ahma Engineers Ltd. (project management- mining), Runge (mining consultancy and software).

http://www.mbendi.com/indy/ming/as/ru/p0005.htm

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