Abstract
This article examines the Russian non-fuel mineral sector regulatory system. It contains regulatory related information and analysis generally useful to a foreign investor interested in Russia's mineral potential. The regulatory system in the Russian Federation is undergoing substantial change and laws that apply to minerals are evolving at a relatively fast pace. Two possible exploration and mining investment approaches are now possible in the Russian Federation: authorisation under the national mining law, and investment pursuant to the production sharing agreement law. The lack of substantial foreign mining investment in Russia is attributable, at least in part, to perceived shortcomings in the legal system. Due to the transitional nature of the Russian Federation legal system, the low level of precedent foreign mineral investment in Russian, fragmentary legal reporting, and the untested nature of ambiguously worded legislation, the information and analysis contained here is, by necessity, speculative.
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