The construction of the Yaregsky mining and chemical complex in Komi estimated at 34 billion rubles

At the end of 2015, the Komi republic plans to begin the construction of the Yaregsky mining and chemical complex for the mining and processing of up to 650 thousand tons of petro-titanium ore per year. This was announced by the First Deputy Minister of Industry and Transport of Komi, Alexander Gibezh.

According to him, the project managed resolve the dead-lock after the restart of the license by the company Yarega Ruda. The project is estimated at 34 billion rubles. "There was an uncertainty about the license, but the company and investors of the project received the approval of the Federal Agency for Subsoil Use for the mining of titanium ore with simultaneous extraction of rare earth metals for quite a long period, so the project has moved on," – Gibezh said.