Mining and mineral industry
The mining industry plays a significant role in the economies of Russia and the CIS countries. The mining sector and interconnected industries attract a constant flow of foreign direct investment. Low production costs, long-standing traditions, and vast and untapped reserves of mineral resources are the main competitive advantages of the mining industry in Russia and CIS countries.
Industry equipment requires constant updating and renewal. Demand for modern technologies and the digitalization of industry offers great potential for foreign suppliers. Considerable investments in modern equipment and infrastructure, along with stimulating state regulations, will drive industry growth through the difficult economic times.
SCHNEIDER GROUP has deep experience helping international companies entering the mining industry in the CIS and can help you grow your business.