The metals and mining industry, comprised of the iron and steel, aluminium, precious metals and minerals, and base metal markets, is Russia's largest private enterprise and a bellwether for the economy. Lead, zinc, copper, nickel, and tin make up the base metals market.
Worth over US$240bn at present the Russian Mining sector is also experiencing growth as demand for increased international infrastructure spending in countries like China are leading to increased demand in metals. The recovery in the steel industry has also been largely driven by the recovery in the automobile industry.
This increased demand in metals demands that mining companies are able to excavate more metals in a more efficient manner. Technology is key and at present the industry is being handicapped by the lack of state-of-the-art machinery which is needed to increase productivity. Recently, Russian President Medvedev echoed this sentiment when he urged mining companies to make better use of new Western technologies. With a number of major Russian mining companies looking to expand and diversify, opportunities are arising fast for foreign leading-edge technology and equipment suppliers.
The NG Mining Summit CIS will bring together decision makers from across Russia including leaders and representatives of multinational mining corporations, national mining companies and government officials to meet with international solution providers who are actively looking to target this exciting growth market.
The NG Mining Summit CIS will provide a vital means of communication and provide an ideal framework for new business relationships to flourish.