"Russia is a world leader in its reserves of oil, natural gas, gold, diamonds, silver, copper, lead, iron ore and coal. This is our natural competitive advantage, which we must use, but use wisely. Ultimately, mining accounts for over 30% of the country’s GDP. Today geological exploration is a promising and attractive enterprise, where each rouble invested by the government attracts 10 roubles of private investment."
Vladimir Putin At a meeting of the Government Presidium
