Metals and mining, Rare earth metals

Russia: draft law on benefits for rare earth metals may be adopted in 2017

The Russian Ministry of Natural Resources hopes for adoption of a draft law on mineral extraction tax exemptions for rare earth metals deposits in 2017, the head of the Ministry Sergei Donskoy told

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Vostok Engineering to calculate reserves of Tomtor by 2018

Vostok Engineering (a joint venture of Rostec and East Group) plans to present a report with estimates of the reserves of the Tomtor rare earth metals deposit (Yakutia) in the first quarter of 2018

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Rare earth metals province found in Yakutia

The scientists of the Institute of Geology and Mineralogy, Siberian Branch of the Russian Academy of Sciences (IGM, Novosibirsk) have found increased content of rare earth metals in ores of the Sel

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“Dalgeofizika” forecasts a deposit at the Vyunskaya site

Specialists of JSC “Dalgeofizika” (part of “Rosgeo”) leave the possibility of discovery of a polymetallic deposit of average rank within the boundaries of Vyunskaya site ope

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“Novoorlovsky GOK” and “Prospectors’ artel “Quartz” produced 1 033 tons of wolfram

They produced 157 tons of wolfram in Transbaikal region in July, 2016. The production volume has made up 1 033.20 tons in January-July, 2016 (+5.83% y-o-y).

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Putin ordered to reduce the tax for rare earth metals extraction

The President Putin has ordered the Government until December 1st 2016 to consider the issue on the reduction of tax for rare and rare earth metals extraction that form separate deposits

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Akron starts rare earth metals production

The production of rare earth metals has been launched at Akron (Velikiy Novgorod, in the structure of the Akron group). Its capacity is 200 tons of oxides of rare earth metals a year.

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Japan takes interest in subsurface resources of Kyrgyzstan

The president of the National Academy of Sciences of Kyrgyzstan A.Erkebaev and managing director of Jogmec (Japan) T.Tsujimoto had a meeting.
The parties discussed a wide range of questions, regarding cooperation between the two countries in holding exploration and development of ore mining deposits.

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Mining and processing works in Transbaikal may start lithium production

Vice-premier of the Government of Zabaikalye territory S.Novichenko asserted that one investor shows interest in the Zabaikalsky GOK (settl.Pervomaisky). The investor plans to produce lithium there.

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Russian Govt may support production of alloy raw materials

The Russian Ministry of Natural Resources has offered a range of state benefits for development of deposits, providing Russian steelmakers with alloy raw materials to reduce their dependence on imports (more than $500 million per year). Thus, the Ministry proposes to nullify the severance tax for new projects, to use the Federal State Reserve Agency’s purchases to support the demand, to decrease tariffs of monopolies. A number of manufacturers welcome the idea of ​​the state support, but the position of metallurgists is more cautious: according to sources of the Kommersant, the imported alternative holds back prices of the Russian raw materials suppliers.
The Ministry of Natural Resources has proposed to support the development of deposits of solid minerals that are important to reduce dependence on imports of iron and steel on account of the budget; this follows from the letter of the Deputy Minister, head of Rosnedra Evgeny Kiselyov dated April 8 to the Ministry of Industry. The Ministry prepared the proposals on behalf of the Deputy Prime Minister Arkady Dvorkovich, who held a meeting with steelmakers in February.

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