Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Russian Miners Invest in Additional Capacity
The economic crisis in the Russian Federation, created by Western sanctions and falling global oil prices, at first glance seemed to be manna from heaven for the country's mining industry. The foreign exchange rate for the Russian Ruble collapsed three times recently and each time export revenues surged, benefiting domestic miners. Even today, with the Ruble not as weak as it once was, export supplies are determining the direction of the country's mining sector for the coming decade. For this reason and with the help of foreign currency inflows into Russian assets under so-called carry-trade operations--when an investor sells a certain currency with a relatively low interest rate and uses the funds to purchase a different currency yielding a higher interest rate--the Ruble in 2016-2017 rolled back most of its losses. While the Russian Economy Ministry forecasts the Ruble will weaken by 15%-20% in one to two years, prospects for export-oriented miners have dimmed, especially as new challenges take their toll.
Russian Miners Invest in Additional Capacity
The economic crisis in the Russian Federation, created by Western sanctions and falling global oil prices, at first glance seemed to be manna from heaven for the country's mining industry. The foreign exchange rate for the Russian Ruble collapsed three times recently and each time export revenues surged, benefiting domestic miners. Even today, with the Ruble not as weak as it once was, export supplies are determining the direction of the country's mining sector for the coming decade. For this reason and with the help of foreign currency inflows into Russian assets under so-called carry-trade operations--when an investor sells a certain currency with a relatively low interest rate and uses the funds to purchase a different currency yielding a higher interest rate--the Ruble in 2016-2017 rolled back most of its losses. While the Russian Economy Ministry forecasts the Ruble will weaken by 15%-20% in one to two years, prospects for export-oriented miners have dimmed, especially as new challenges take their toll.
Russian Miners Invest in Additional Capacity
Vladislav Vorotnikov (Autor:in)
2017
Aufsatz (Zeitschrift)
Englisch
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