Russian Federal Subsoil Resources Development Agency: Nearly 80 types of solid minerals in Russia's Arctic region
Told by the Russian Federal Subsoil Resources Development Agency to Satellites, there are 78 types of solid minerals stored in Russia's Arctic region, including 33 strategic minerals, such as rare earth metal deposits.
The agency said: "The solid mineral resources in the Arctic region have the characteristics of a wide variety and large scale. A total of 78 types of solid mineral reserves have been found in this area, including 33 types of strategic solid minerals (such as manganese, chromium, apatite ore, copper, nickel, cobalt, bauxite, titanium, zinc, lead, tin, tungsten, molybdenum, zircon, rare earth metals, gold, silver, platinum group metals, diamonds, graphite, etc.)."
The agency added: "A large amount of funds will be required for any mining project." The agency took the example of the Kolvosero lithium mine in Murmansk Oblast, which is scheduled to start production in 2030. According to the project operator, Polar Lithium Co., Ltd., the project investment will reach 91 billion rubles.
The agency further stated: "At present, a series of large-scale solid mineral development projects are being implemented in the Arctic region. Therefore, developing the minerals in this area will require tens of billions of rubles in investment."
Russian Federal Subsoil Resources Development Agency: Rare metal and rare earth metal reserves in Russia's Arctic region account for 75% of the country's total.
Told by the Russian Federal Subsoil Resources Development Agency to Satellites, there are 30 rare metal mines and rare earth metal mines in Russia's Arctic region, with reserves accounting for 75% of the national total. Their extraction will cost tens of billions of rubles.
The agency said: "If we only talk about the resources of rare metals and rare earth metals, then this area is an important concentration area ... In the Arctic region, reserves of rare earth metals and 12 kinds of rare metals have been discovered in 30 ore deposits. Their total proven reserves exceed 75.0% of the national total. If we discuss the investment required for extracting rare metals and rare earth metals in the Arctic region, it is estimated to reach tens of billions of rubles."
Kirill Dmitriev, CEO of the Russian Direct Investment Fund, said at the end of March that the fund would invest in the rare earth industry in the Arctic region, and was currently studying three projects in Murmansk Oblast. He said that Russia controls 50% of the resources in the world's Arctic region, so Russia's position in the Arctic region is valued by all countries. Moreover, Russia is one of the leading countries in the field of rare earth metals in the world, ranking fourth in rare earth reserves in the world.
Original article: https://www.toutiao.com/article/1828541618067468/
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