Atomredmedzoloto Plans to Mine Lithium in Kola Peninsula
Arctic Today reported that Russia’s state nuclear power company Rosatom’s mining subsidiary Atomredmedzoloto plans to start producing lithium compounds on both the Kola Peninsula and in Irkutsk region in Siberia. nvestments in the Russian lithium mining projects are estimated at over 50 billion rubles (EUR 570 million). ARMZ does not identify where on the Kola Peninsula such lithium mining is planned, but a well-known geological area with huge amounts of rich spodumene pegmatites of lithium is the Kolmozero deposit, halfway between the Khibiny mountain plateau and the coast to the Barents Sea.
This deposit, bordering the large Murmansk Tundra state national park, is centrally located in Europe’s largest wilderness area with no infrastructure such as roads or other transport means.
Mining in remote locations is nothing new for Rosatom’s subsidiary. At Novaya Zemlya in the Russian Arctic, digging for zinc at the Pavlovsky mine is already in full swing, as previously reported by the Barents Observer.
ARMZ also considers investment in lithium production overseas by buying stakes in companies with mining rights in Argentina, Bolivia and Chile.