Rare earth metals

The Cabinet of Ministers of the Russian Federation plans to reduce the rate of the mineral extraction tax on rare earth metals to 4.8%

The Russian government approved submitting a bill to the State Duma, according to which the mineral extraction tax rate will be reduced to 4.8% from 8% for the extraction of rare-earth metals.

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Petrochemistry provides 80% of demand for rare-earth metals in Russia - Ministry of Industry and Trade

The demand for rare earth metals (REM) in Russia does not exceed 1 thousand tons. The key consumer is the petrochemical complex.

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Ore from Tomtor to start to be transported in 2023

Vostok Engineering (part of TriArk Mining) expects to begin the transportation of ore from the Tomtor deposit of rare earth metals in the Oleneksky ulus of Yakutia in 2023.

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Navoi MMC begins mining rhenium.

A new site for the production of uranium and rare-earth metals was commissioned at the Navoi Mining and Smelting Plant, the Podrobno.uz reports.

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$500 mln required for development of Tomtor deposit

The development of rare earth metals deposit of Tomtor in the Olenek ulus of Yakutia will require $560 million, as it follows from the annual report of Rostec.

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Tomtor deposit in Yakutia to be launched in 2021-2022.

The deposit in the Olenek Region of Yakutia is the only one in Russia with reserves of niobium and rare earth metals.

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During formation of Arctic zone, Yakutia to develop metals mining

Yakutia intends to develop mining of diamonds, tin and rare-earth metals in the framework of the formation of the Arctic core zone, which in the future will allow Russia to become their exporter, s

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Rostekh to resume mining of ore to create beryllium

Rostekh intends to resume mining of ore for creation of beryllium at the Malyshevskoye field.

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