Russia wants to attract Indian investors to mine rare earths in Far East ...News

Indian companies IREL (Erstwhile Indian Rare Earths Ltd) and KABIL (Khanij Bidesh India Ltd) are looking into rare earth elements projects in Russia, according to Russia’s Far East Investment and Export Agency. In a meeting with Indian firms in New Delhi, the Russian delegation presented perspective projects that could be implemented in the remote Far Eastern region and the Arctic zone. “We’re considering mining of lithium and cobalt,” the director of the agency, Leonid Petukhov, said. The official added that the region is keen to secure foreign investment for developing local deposits amid the lack of Russian investors.

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