Vostoc Engineering LLC has finished prospecting works at the Burannyi site of the Tomtorskoye deposits in Yakutia and in autumn will start designing the plant. In late 2021 the company intends to start daylighting and in 2022 – commercial production. Tomtorskoye is one of the largest rare earth metals deposits in the world. Its resources…
The integrated chemical and metallurgical complex to produce titanium dioxide, rare and rare earth metals will be created on the basis of the Afrikandskoye deposits in Murmansk region. Investments might total 14 billion rubles. Some 2.5 thousand jobs might be created. When the project reaches full capacity, it could produce 75 thousand tons of titanium…
Laboratory of Innovative Technologies has become the first company on the territory of the ex-USSR to start processing rare-earth metals. Previously all concentrates have been processed abroad, and then returned back to Russia as oxides, metals and alloys. From now on Russia will be processing them itself. All the products manufactured will be sold on…
Germany may develop rare earth metals deposits jointly with Russia in the country, Deputy Prime Minister Arkady Dvorkovich declared on November 29. “The international energy markets are unstable today, we had a period of a significant fall of prices for almost all commodities, and this led to a decrease of investment in the energy sector…
Russia’s Natural Resources and Environment Ministry has suggested cutting the mineral extraction tax (MET) for rare metals to 4.8% from 8% in order to simulate production, the ministry said in a statement on November 13. The ministry is now preparing an amendment to the Tax Code for submission to the government. The amendment will also…
The deposits of rare-earth metals Kutessai-II and Kalesai were repeatedly put up for tender, the website of the State Committee for Industry, Energy and Subsoil Use reported. It is noted that the tender commission has established the amount of payment for the right to use the subsoil of the object of the tender in the…