About 75% of the total Russian reserves of rare and rare earth metals are contained in the Arctic zone, the Federal Agency for Subsoil Use (Rosnedra) reported.
"Investments needed to start mining rare and rare earth metals in the Arctic are estimated at hundreds of billions of rubles," the agency said.
According to Rosnedra, there are 78 types of solid mineral reserves in the Russian Arctic, of which 33 are strategic.
Alex Shishlo, Editor in Chief of the European Bureau Rough&Polished
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