MINERAL RESOURCE POTENTIAL OF THE MURMANSK REGION

Governor of the Murmansk Region

Мarina V. Kovtun

14 November 2012

Oslo

Murmansk Region’s Share at the National Level

OJSC “Kovdorsky Mining

and Processing Plant”

OJSC “Kovdorslyuda”

OJSC “Apatite” OJSC “Severonickel”,

OJSC “Kolskaya Ore Mining Company”

“Lovozersky Mining and Processing Plant” Ltd.

OJCS “Olcon”

“KAZ-SUAL” branch of OJSC “SUAL”

Apatite Concentrate

Mica, Niobium, Tantalum

Nepheline, Baddeleyite

Nickel

Clay

Copper

Iron Ore Concentrate

Aluminium, Electricity

100 %

80 -100 %

100 %

45 %

35 %

13 %

9 %

2 %

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CJSC “North-Western Phosphorous Company”

Mineral Resource Base of the Murmansk Region:

is well explored and developed;

is compactly located, which enables diversification of the mining

industries;

is mineral multi-compound;

is potentially rich in unconventional for the region mineral deposits

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Annual Production of

Iron Ore - 49 million tons;

Apatite - 4,5 million tons;

Phlogopite - 5 thousand tons;

Vermiculite - 300 thousand tons;

Rare Earth Metals - 160 thousand tons;

Nickel - 44 thousand tons;

Copper- 18 thousand tons;

Cobalt - 1,5 thousand tons;

Platinum group metals - 700 kilograms;

Freestone - 1 million m3;

Sand - 1 million m3.

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Estimated Mining Industry Companies Provision with Raw Materials:

OJSC “Kolskaya Ore Mining Company” till 2030;

OJSC “Apatite” till 2050;

OJSC “Olenegorsky Mining and Processing Plant” till 2030;

OJSC “Kovdorsky Mining and Processing Plant” till 2060.

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New Mining Industry Companies of the Murmansk Region

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“Oleny Ruchey Mining and Processing Plant” (CJSC ”NWPC”, “Akron Plus”)

The project is at its completion stage.

There are more than 1500 people constructing the

plant.

Estimated volume of apatite-nepheline deposit is

31 million tons.

Fedorovo-Pansky Deposit

Subsurface User: CJSC “Fedorovo

Resources” (“Barrick Gold”, Canada).

Geological exploration and extraction till

2021 (25 years).

Surface mining. 2 opencast mines. 750

million tons of mined rock, 260 million tons

of ore.

Construction investments ~ 40 billion

rubles (1,5 billion rubles disbursed)

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New Mining Industry Companies of the Murmansk Region

Mineral Resource Base Development

- extraction of new for the region hydrocarbons;

- use of technogenic and unconventional deposits;

- intensification of raw materials processing;

- plants renovation and modernization;

- innovative technologies and new products.

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Development Prospects of Mineral Resource Base

The most promising fields of the mineral resource base

development are following:

- development of rare earth metals deposits;

- development of platinum raw material base;

- development of aluminium raw material base.

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Nonferrous and Rare Metals Mining Prospects

in the Murmansk Region

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Russian Reserves of Rare Earth Metals

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Schematic Geological Map of the Fedorovo-Pansky Deposit

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Non-metallic Mineral Deposits of the Murmansk Region

Thank You for Your attention