Russia, Rare earth metals
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
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
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
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
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).
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
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.
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.
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.
Rare earth metals joint venture of IST Group of Alexander Nesis and Rostec has decided to construct a hydrometallurgical plant in Krasnokamensk – on the land, belonging to the uranium mining holding company of Rosatom ARMZ. The new plant is to cost $110 million, it is planned to launch it by 2021. Taking into account the development of the Tomtorskoye deposit in Yakutia the total investment of TriArk Mining should make up about $1 billion, but for a while funding sources are not identified.
TriArk Mining, a joint venture of IST Group (50% plus one share) and Rostec (25% plus one share) has decided on the ground of its hydrometallurgical production, which it plans to process rare earth metals ore from the Tomtorskoye deposit (the reserves make up 154 million tons of ore containing niobium, yttrium, scandium and terbium). General director of Krasnokamensk hydrometallurgical plant, owned by the joint venture, Alexander Zarubin signed an agreement with the head of administration of the Trans-Baikal Krasnokamensk Yuri Didenko on the location of the enterprise to the amount of $110 million (7.8 billion rubles) and with capacity of 150 thousand tons of ore per year. This was reported by the city administration and Priargunskoye industrial mining and chemical union (PPGKhO, a part of Rosatom’s ARMZ), which works there. The Krasnokamensk metallurgical plant has rented 130 hectares with a production infrastructure from the city and PPGKhO.