Expert Council of the Industry’s Development Fund approved 12 preferential loans amounting up to 2.93 billion rubles (approximately $48.305 million).
According to one of them, company Rare Metals of Siberia plans to organize a plant to process beryllium ores into pure beryllium and its compounds.
Rare Metals of Siberia has a technology for primary raw materials and waste processing.
The project cost is 0.5 billion rubles (about $8.243 million), including 260 million rubles ($4.286 million) of the loan of the Industry’s Development Fund.
Rare Metals of Siberia’s project has good prospects as there is no pure beryllium production in Russia. (MetalInfo/Ukrainian metal)
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