There are peat reserves in Kolyma.
The indigenous peoples of this region include the Evens, Koryaks, Yupiks, Chukchis, Orochs, Chuvans and Itelmens, who traditionally lived from fishing along the Sea of Okhotsk coast or from reindeer herding in the River Kolyma valley
 Some of the world's largest peatlands include the West Siberian Lowland, the Hudson Bay Lowlands, and the Mackenzie River Valley

