Last year the project to develop the Kudryaviy Volcano was created.
A special machine was made to obtain rhenium and other rare earth metals concentrate. It was assembled at the Crater base on the island of Iturup. The cost of the works carried out last year exceeded 30 million rubles.
This year the test of the machine will continue. One of the main goals is to find the most efficient way of obtaining rhenium concentrate from the volcano gazes.
According to the estimates, some 30-40 million rubles will be required for the development of the deposits this year.
Large-scale extracting of rhenium with the capacity of 1.5-2 tons per year is expected to start in 2019.
The Kudryaviy Volcano is the only deposit of rhenium in the world. Its C2 reserves are estimated at 36.7 tons. (Ukrainian metal)
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