141 gold deposits were discovered in Russia in 2023, which makes it possible to start mining about 140 tons of the precious metal in the near future, said the head of the Federal Agency for Subsoil Use (Rosnedra) Yevgeny Petrov during a working meeting with Russian Prime Minister Mikhail Mishustin.
According to Petrov, despite talks about the stagnation of the mining and exploration sector in Russia, it is developing steadily and there is no reduction in financing, primarily from subsoil user companies.
The head of Rosnedra also noted that the Polar Lithium company is moving to pilot production in less than a year and a half, and in 2025 it plans to provide the country with lithium, which is still being imported as of now.
In addition, Russia plans to begin the production of tungsten and niobium by 2027-2028 and titanium by 2030, Petrov said.
Alex Shishlo for Rough&Polished
