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The development of the Tomtor deposit of rare-earth metals will begin in five years
After a detailed study of the geology of the Buranny site, commercial production of rare earth concentrate is to begin in five years. In another five years, the mining enterprise should reach its design capacity. This was announced by the Minister of Industry of Yakutia Andrey Panov on July 21 at a meeting on the socio-economic development of the Oleneksky region.
Representatives of the Ministry of Industry and the Ministry of Economy of the Republic noted that now there is a preparation of draft agreements on the participation of the subsoil user in the socio-economic development of the republic and the municipal district. In addition, the subsoil user is ready to register a separate division of its enterprise on the territory of the Olenek region.