11th German-Russian Raw Materials Conference: Focus on strengthening sustainability collaboration
The German-Russian Raw Materials Conference – one of three dialog formats involving Germany and Russia and a platform for the raw materials agreements between both countries – took place in a very constructive and dynamic atmosphere from November 7 to 8, 2018 in Potsdam.
Leading politicians such as Peter Altmaier, Federal Minister for Economic Affairs and Energy and Alexei Gordeyev, Deputy Prime Minister of the Russian Federation, representatives from the Bergakademien (Universities of Resources) in Freiberg and Sankt Petersburg, 100 young scientists from Russia, long-serving politicians and founding fathers of the forum, as well as German mining equipment suppliers, all exchanged their views and ideas on the future of the raw materials sector. Germany and Russia once again have an increasing number of mutual topics covering the mining sector.
A lively discussion on the future fields of collaboration took place during the “Technological Cooperation in the Mining Sector: Challenges and Solutions” panel, and followed the keynote speech by Sven Flasshoff, Head of the VDMA office in Russia. The pending phasing out of coal mining in Germany is being closely monitored in Russia. This is contrasted by the tremendous potential Russia has as a buyer of German mining equipment.
Russia’s response to European sanctions is import subsidies. An approach which will be difficult to implement for most of the small and medium-sized German mining equipment manufacturers in light of the quickly increasing market shares of Chinese competitors in Russia.