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…
The State Duma committee on budget and taxes has provided for the first reading a draft law to stimulate the mining of rare earth metals. It will also help develop Yakutia economy. The draft law presupposes decreasing tax on the mining of natural resources when extracting rare earth metals. The bill could come into effect…
Technoinvest Alliance, carrying out a project to construct a mining and processing works at the Zashikhinskoye rare-earth metals deposit, is viewing the city of Sayansk as one of the sites to create the works. The city mayor Oleg Borovskiy has shown the potential investor the site for the construction of a new enterprise and enumerated…
