Cost of explored mineral resources in Arctic over $20 trillion — minister
AI Summary
Russia's minister for the Far East and Arctic Development estimates explored mineral resources in the Arctic are worth more than $20 trillion. He said exploration maturity remains at no more than 20%, indicating substantial areas are still underexplored.
"At the same time, according to the estimate of subsurface users, the exploration maturity is not above 20%," Russian Minister of Far East and Arctic Development Alexey Chekunkov said
World Markets Commodities Arctic mineral resources exploration natural resources Russia resource valuation