The Technoinvest Coalition has again postponed the start of mining and processing projects on the basis of Russia’s largest rare earth metal deposit (Zashikhinskoye), this time to the end of 2023.
These provisions have been postponed since 2014.
| PVA 1799 (PVA BF17) |
It was planned to start construction in 2016 with an annual output of 1 million tons of iron ore, and be completed in 2018.
The construction of these projects will help to meet Russia’s 100% demand for tantalum raw materials and a considerable portion of niobium.
The reserves of Zashikhinskoye deposit in Irkutsk area are estimated to be 33.5 million tons, with high Nb and Ta contents.
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