The authorities of the Tambov region have decided to develop the Central titanium deposit themselves.
The deposit is considered to be one of the largest in the world.
The regional administration bought out the right to develop the deposit from VSMPO-Avisma in 2008.
The license is expected to have been received by the end of 2019.
At first output will be 2 million tons of zircon-rutile-ilmenite sands with the possible expansion to 8 million tons per year.
Reserves are estimated at 240 million tons. (Ukrainian metal)