The reserves of the Kolmozersky lithium deposit in the Murmansk region may turn out to be higher than previous forecasts, said the region's governor Andrei Chibis in an interview with Interfax.
The development of the project is managed by Polar Lithium, a joint venture between Rosatom and Norilsk Nickel.
“Recently, the director of Polar Lithium spoke in St. Petersburg and, perhaps for the first time, publicly announced that lithium reserves of the Kolmozersky deposit may exceed previous forecasts,” Chibis said.
The Kolmozersky field is considered the largest in Russia (18.9% of domestic reserves, 75 million tons) and the most promising one. The production volume of lithium carbonate and lithium hydroxide is expected to be about 45,000 tons per year. The mine is expected to reach its design capacity by 2030.
Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished
