About Yakutia
The Sakha Republic (Yakutia) is a federal subject of the Russian Federation. It has no prototype around the world according to natural resources and territorial dimensions. The Sakha Republic (Yakutia) is the largest region of the Russian Federation, located in the North-East part of the Eurasian continent. The total area of the Republic consists of 3.1 millions square kilometers and comprises three time zones.
The economy of the Sakha Republic (Yakutia) is based on industry, which development closely linked with an exploitation of the richest natural resources. A variety of geostructural zones of the Republic determines a structure and a spatial location of treasures of the soil.
The economy of the Sakha Republic (Yakutia) is based on industry, which development closely linked with an exploitation of the richest natural resources. A variety of geostructural zones of the Republic determines a structure and a spatial location of treasures of the soil.
- diamonds- 82%
- gold- 17%
- uranium- 61%
- antimony- 82%
- iron ore- 5%
- coal- 5%
- tin- 28%
- mercury- 8%.
There are also considerable resources of rare-earth minerals, such as: silver, lead, zinc, tungsten, etc. up to the last elements of Mendeleev Table.
The Diamond-mining industry takes the leading place in a whole mining industry of the Republic. The diamond-bearing province of the Republic, being the largest in Russia, comprises of 90% of reserves and 95% of production.
In contemporary conditions the fuel resources (coal, gas, oil, condensate), explored on more than 20% of the Republic’s area, acquire strategic and economic importance. Nowadays, there are 900 explored coal-fields: coal, brown coal and close-burning coal.
The large-scale gas, gas-condensate and oil fields are concentrated almost in a whole the South-West area of the Republic. At present time, the oil reserves make up 330 million tones, natural gas- 2,4 trillion cubic meters, whilst, that no more than 10% of four oil and gas provinces are explored.
Ratings of the Sakha Republic (Yakutia):
The large-scale gas, gas-condensate and oil fields are concentrated almost in a whole the South-West area of the Republic. At present time, the oil reserves make up 330 million tones, natural gas- 2,4 trillion cubic meters, whilst, that no more than 10% of four oil and gas provinces are explored.
Ratings of the Sakha Republic (Yakutia):
- Standard & Poor's: ВВ+/Stable; national scale: ruAA+.
- Fitch Ratings: «BBB-», national long-term rating: «AA+(rus)». Forecast: «Stable»
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