The Tastyg lithium deposit will be developed in the Republic of Tyva. Metal reserves there are estimated at almost 600 thousand tons, dprom.online reports.
According to the head of the republic Vladislav Khovalyg, capital investments are estimated at 20 billion rubles until 2026.
The auction for the deposit will take place in October, but already the most likely candidate for the acquisition of the deposit is Elbrussmetall-lithium, a subsidiary of Rostec.
Earlier, the federal media got acquainted with the terms of the auction and found a clause stating that the future owner of the site should already have a license for the Tyrnyauzskoye field. There are plans to resume tungsten production at this deposit.
In addition to lithium, it is also possible to extract niobium (7.800 tons), tantalum (3.949 tons) and tin (21.400 tons) at Tastyg. It is estimated that the mine-life of the deposit will amount to about 30 years.
Alex Shishlo for Rough&Polished
