Roman Panov

Investment potential of the Russian mining sector: risks and opportunities

1. The prevailing market conditions determine the need for the mining industry to ensure sustainable reproduction of the mineral resource base.
2. Against the background of a decrease in the share of budget financing in exploration, the state creates the necessary conditions for the access of private capital through the application of the declarative principle and other mechanisms.
3. Instruments on the Russian market have a number of significant limitations.
4. License obligations, including those issued on a declarative basis, are not fully provided with the necessary funding.
5. Demand from subsoil users for financing of raw materials projects has prompted more active development of possible financing mechanisms, including through specialised venture funds, arranging access to stock exchanges, and attracting foreign direct investment.