Russian mining companies' measures to reduce costs due to COVID-19 2020

The most popular measures that mining companies in Russia planned to undertake in order to reduce operational costs due to the coronavirus (COVID-19) pandemic were working with suppliers to reduce the cost of raw materials as well as minimizing expenses on repairs and consulting. Transitioning to the use lower quality raw materials and shortening the working week were less favorable options, with only 13.6 percent of respondents planning to implement each of those measures.

Planned measures to reduce operational costs due to the coronavirus (COVID-19) in mining companies in Russia in 2020

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Source

Release date

April 2020

Region

Russia

Survey time period

2020

Special properties

Mining and metals companies

Supplementary notes

* The full response option was stated by the source as follows: "Replacing suppliers with the transition to lower quality, but cheaper raw material/supporting materials/component parts/other types of procurement."

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Statistics on "Coronavirus (COVID-19) in Russia"

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