“Rosneft” acquired a license for Tomtor rare earth metals deposit
Rosneft on May 20 became the owner of LLC ‘Vostok Engineering’, which owns the license for the development of Tomtor rare-earth metals (REM) deposit.
Tomtor has the status of the largest niobium and REM deposit with the highest content in the world. Inferred resources are estimated at 154 million tons of ore with high oxide content of ten elements, including niobium, terbium, yttrium and scandium.
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