The Russian oil giant Rosneft has acquired total control of the main rare land deposit of the country, Tomorhe reported Reuters citing the Unified State Registry of Legal Entities.
On May 20, Rosneft became the owner of 100% of the project operator, Vostok Engineering. Tomor, located in the northwest of Yakutiait is considered Key to reduce Russian dependence on Chinese imports of strategic metalsfundamental to Electronic and Defense Industry.
In November 2024, the Russian president, Vladimir Putin, criticized the delays in the development of the deposit, qualifying it as a “Strategically important resource” and warning about the need to accelerate investments or resort to state support.
Before this acquisition, the project was in the hands of the East Groupof the businessman Alexander Nessand 9.1% of the minera Polymetalwhich completely abandoned his participation in the summer of 2024.
After the beginning of the “Special Military Operation” Russian in Ukraine In February 2022, the project had been under the direction of Vladislav Resinex -manager of Nesis. At the moment, Rosneft has not issued comments on the operation, which reinforces its presence in strategic sectors beyond oil.
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