PUBLISHED : Friday, 01 November, 2013, 3:23am
UPDATED : Friday, 01 November, 2013, 3:39am
Billionaire bets on Russian rare earths
By BLOOMBERG in Moscow:
"Billionaire Alexander NESIS made a fortune from gold, silver and banking. His next target: producing rare-earth metals from material discarded as RUSSIA developed an atomic bomb in the 1940s.
NESIS' ICT holding company is in a venture with state-owned ROSTEC to fast-track production of rare earths, using thorium-bearing concentrate kept stockpiled for more than 60 years. - The partners also plan to bid for TOMTOR in the SIBERIAN republic of YAKUTIA, a deposit that has more than 150 million tonnes of ore containing rare earths and is among the largest in the world.
'Once we have the technology and the best deposit, we will have a competitive position in this segment,' NESIS said. The cost of the project could reach about US$1 billion in the next five to six years, helping RUSSIA develop its first production of rare earths, used in items from iPhones to hybrid cars"...
SOURCE / LINK / QUELLE dieses Ausschnitts und des Weiterlesens dann HIER:
www.scmp.com/business/commodities/article/...ssian-rare-earths
UPDATED : Friday, 01 November, 2013, 3:39am
Billionaire bets on Russian rare earths
By BLOOMBERG in Moscow:
"Billionaire Alexander NESIS made a fortune from gold, silver and banking. His next target: producing rare-earth metals from material discarded as RUSSIA developed an atomic bomb in the 1940s.
NESIS' ICT holding company is in a venture with state-owned ROSTEC to fast-track production of rare earths, using thorium-bearing concentrate kept stockpiled for more than 60 years. - The partners also plan to bid for TOMTOR in the SIBERIAN republic of YAKUTIA, a deposit that has more than 150 million tonnes of ore containing rare earths and is among the largest in the world.
'Once we have the technology and the best deposit, we will have a competitive position in this segment,' NESIS said. The cost of the project could reach about US$1 billion in the next five to six years, helping RUSSIA develop its first production of rare earths, used in items from iPhones to hybrid cars"...
SOURCE / LINK / QUELLE dieses Ausschnitts und des Weiterlesens dann HIER:
www.scmp.com/business/commodities/article/...ssian-rare-earths