THE STATE AND CHALLENGES OF THE RUSSIAN GEOLOGICAL INDUSTRY
It is noted that geology is not a sphere of material production now and its only commercial product is geological services. Expert data are provided on the breakdown of exploration costs and the structure of the industry by amounts of work. Human resources and organizational issues in the private and government sectors are analyzed. Based on the analysis, instructive economic and legal conclusions are made. It is pointed out that the regulatory and financial participation of the state should be strengthened to decide on the above issues.