ChTPZ to extract rare earth metals?

The Investment Council at the Government of the Irkutsk region has recommended to include the development of the Zashikhinsky deposit of rare metals (“Technoinvest Alliance” CJSC, 30% belongs to ChTPZ) in the list of the key regional projects, the regional Government reports.

“Within a month the enterprise is to submit a package of necessary documents. If everything meets the legislation, after that the Governor’s regulation will be worked out”, is reported.

In 2015 the pilot and industrial operation is to start at the deposit. For its full –scale development “Technoinvest Alliance” needs to settle the problem of energy supply and transport infrastructure. If the project is included in the list of regional projects, the company will be able to hope for the regional support in these issues and be granted preferences in the form of lowered tax rates for income and mineral extraction tax.