Niocorp Developments Ltd (NB): Russia revs up the production of rare ea...

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Wednesday, 01/17/2018 12:12:45 PM

Wednesday, January 17, 2018 12:12:45 PM

Russia revs up the production of rare earths and scandium

January 16, 2018

Russia plans to start active production of scandium and other rare earth elements on the basis of Tomtorskoe field – one of world’s largest REE fields, located in the Yakutia Republic of Russia, thanks to the recently provided guarantees from the Russian government to support such projects.

The provided guarantees mean the allocation of state subsidies for the compensation of interest rates on investment loans, given by Russian banks for the development of Tomtorskoe and other similar fields.

Read more at:

https://investorintel.com/sectors/technology-metals/technology-metals-intel/russia-revs-production-rare-earths-scandium/?utm_source=InvestorIntel+General+Email+List&utm_campaign=d4153c4bc2-INVESTOR_INTEL_DAILY_RSS&utm_medium=email&utm_term=0_e78262a875-d4153c4bc2-46124525

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