VEB.RF has provided the first tranche to finance development of the design documentation on the Tomtor rare-earth metals deposit. The loan agreements between VEB.RF, Vostoc Engineering and Krasnokamensk Hydrometallurgical Works were concluded in September. The total amount of the loan is 1.5 billion rubles. The Tomtor deposit is situated in the Republic of Sakha and…
Arbitration decision on claim of Stans Energy Corp. must be confirmed in the jurisdictions of the respective countries, center for Judicial Representation of the Government of the Kyrgyz Republic reported. According to the center, the decision does not mean that the Kyrgyz side will automatically pay the arbitration amount. It must still be confirmed in…
International arbitration satisfied about 6% of claims of Stans Energy Corp. and Kutessay Mining LLC to Kyrgyzstan, having ruled to compensate only some direct costs for development of Kutessay II and Kalesay deposits and a part of the court costs, but rejected the rest of the claims, the Center for Legal Representation of the government…
Russian state industrial corporation Rostec has left the Tomtor rare earth metals field it has been developing jointly with ICT Group of Alexander Nesis since 2013. Rostec transferred its 25% plus one share in the field’s developer ThreeArc Mining to Cyprus-registered Zaltama Holding Ltd, affiliated with Oleg Misevra, chairman of the board of directors of…
In 2018 rare-earth metals consumption in Russia totaled 1.2 thousand tons, while in China – 100 thousand tons. Thus, the local market is still weak. The main consumption industries are manufacture of catalysts, glass and optics. Consumption could grow, according to the experts, by increasing catalysts output and by developing the metal industry. At present…
The State commission on reserves has positively assessed the report on the reserves of the rare-earth metal raw materials at the Chuktukon deposit. The deposit is situated in the Krasnoyarare earthrsk region. The prospecting work was carried out in 2014-2018. According to the report, the reserves of the deposit are as follows: rare earth trioxides…
Technoinvest Alliance has once again postponed the terms of launching the mining and processing works on the basis of the largest rare-earth metals deposit in Russia (Zashikhinskoye) – this time to late 2023. The terms have been postponed since 2014. Initially it was intended to start the construction of the works with the capacity of…
Technoaliance Invest, which will be developing the Zashikhinskoye rare earth metals deposit in Irkutsk region, intends to construct a chemical and metallurgical plant in the region by 2027. The project will be carried out in 4 stages. The plant will produce tantalum, niobium, ferroniobium oxides and zirconium concentrate. The capacity of the plant will be…
