Rosneft acquires Tomtor rare earth deposit in Russia
The move follows President Vladimir Putin's directive to expedite the Tomtor project's development.
22 May 2025
22 May 2025
The move follows President Vladimir Putin's directive to expedite the Tomtor project's development.
The report reveals that the top three producers' market share for critical minerals increased to 86% in 2024 from 82% in 2020.
The province will invest C$70m ($50.54m) over four years in the Indigenous Participation Fund to boost indigenous capacity in mining.
The deal comprises a gold stream and an NSR royalty to provide long-term liquidity for the project.
Mining companies face a litany of issues in the immediate future, and IoT can help in these issues.
Anorthosite is a grey-white rock composed mainly of aluminium, silicium and calcium.
The western section of the mine has been assessed and deemed safe, with operations expected to recommence shortly.
The transaction includes a A$450,000 ($288,929) cash payment upon completion of the sale.
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