Oil Giant Rosneft Buys Russia’s Biggest Rare Earths Deposit ...Middle East

Russia’s top oil producer, state-controlled Rosneft, has acquired the company that holds the license to operate and develop a giant rare earths deposit in Siberia, the largest such reserve in Russia and one of the world’s biggest. Rosneft has taken over control of Vostok Engineering, the company which holds the license for the Tomtor rare earth metals deposit in Yakutia, the Russian national companies registry showed on Wednesday. At the end of 2024, Russian President Vladimir Putin urged the Tomtor deposit to be developed, either by…

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