Ministry of Natural Resources expects a fall in geological exploration volumes in 2015 due to reduction of Government financing

The Ministry of Natural Resources expects a fall of geological exploration volumes in 2015, the Minister of Natural Resources, S. Donskoi, said at the State Duma.

“The geological sector faces a number of objective, fundamental problems: worsening of quality and complication of the raw-mineral base, low personnel potential in the sector, absence of modern domestic technologies of development, as well as a number of temporary negative trends which already this year will have a negative impact on the volumes of geological exploration works in general”, he said.

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