The Government of the Russian Federation has planned an important auction aimed at exploring and extracting strategically important mineral resources. According to the official announcement, the event is scheduled for 2023, and its main focus will be on the federal sector in the Republic of Tuva.
This site, known as the Tastyg deposit, is of strategic importance because it contains extensive reserves of rare metals, such as tin, beryllium, lithium, tantalum et niobium. According to the updated list of strategic minerals approved by the government, these metals are considered rare and valuable resources that are important for many industrial sectors.
Only companies licensed to use the subsoil of the Tyrnyauz tungsten-molybdenum deposit or their subsidies will be able to apply for participation in the auction. Thus, the government is trying to attract enterprises that already have experience and expertise in the extraction of valuable minerals to participate in the auction.
This event is a significant event in the mining industry that has the potential to attract the attention of major players in the mineral resources market. It is expected that the auction for the right to use the Tastygskoye subsoil plot will contribute to the active development of the extraction and processing of rare metals in Russia, therefore further strengthening the country's position in the global mining industry.
