Khakasia, with the territory of 62,000 sq km, is located in the south of West Siberia, on the left bank of Yenisey river. Until 1991, it was an autonomous region within Krasnoyarsk Territory.
The republic is rich in raw materials: gold, coal, ferrous and non-ferrous metals, and marble. Coal and metal processing are the republic' s major industries. Molybdenum, wolfram, and aluminum make up the majority of the republic's exports.
The republic houses the country's third largest aluminum manufacturer, Sayanskii Aluminum Works (SaAZ) and the largest power plant, the Sayano-Shushenskaya Hydro-Electric Station. However, despite its rich natural resources, the republican economy is under-developed due to a shortage of investment.
While in the beginning of the 20th century the Khakas made up over two thirds of the population, their current share is just over 10% and the vast majority of the republic's population, 79%, is Russian.