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Mining of rare earths at Tomtor may begin in 2023
The project for the development of the Tomtor rare-earth metal deposit will be implemented. This was stated in an interview with reporters by the head of Yakutia, Aisen Nikolaev. He is confident that ore mining will begin there in two, three years.
“I am sure that the project will be implemented. Interest is not just being shown there, a very real investment project is already being drawn up there, and we hope that in 2022-2023 the work on this section will begin, ”said Aisen Nikolaev.
Tomtorskoye field is located in the Oleneksky district of Yakutia. Its ore is rich in niobium and other rare earth metals, which are used in the production of defense equipment, rocket science, nuclear energy, the chemical and oil industries, thermal, solar and wind power.
Ore reserves in this area, according to the calculations of geologists, will be enough for more than 150 years. The field is one of the largest in the world. Now leaders in the extraction of rare earth metals are China and Brazil.