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More than 55 billion rubles invested in Tomtor development
In Yakutia, the development of a rare earth metal deposit will require more than 55 billion rubles. It involves the extraction of ore at the Buranny site and the construction of a hydrometallurgical plant in the Trans-Baikal Territory for its processing.
According to the portal NEDRADV, at present, the investor has already invested about four billion rubles in the project. Exploration work has been completed, comprehensive engineering surveys have been carried out for the construction of infrastructure facilities of the mining enterprise.
After commissioning, the Krasnokamensky mining and metallurgical complex will be able to process 160 thousand tons of rare earth metals. Each year it will produce up to 10 thousand tons of niobium pentoxide, up to 3,5 thousand tons of praseodymium / neodymium oxide, up to 2,5 thousand tons of medium-heavy oxides in a collective concentrate.