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Kuljok Rare Earths — "Rare Earths of the Arctic" Technology Cluster

Description

The project consists of two parts: the first part involves the extraction of rare earth metals at the Kuljok deposit, and the second part involves the processing of rare earth metals at a planned industrial park with the aim of producing finished products.

Publication date: 24.08.2026 Last updated: 17.09.2026

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Kuljok Rare Earths — "Rare Earths of the Arctic" Technology Cluster

Region

Мурманская область

Industry

Добыча полезных ископаемых

Project type

New construction / launch of new production

Project budget

10 bln ₽

detailed project information

Description

About the project

The project consists of two parts: the first part involves the extraction of rare earth metals at the Kuljok deposit, and the second part involves the processing of rare earth metals at a planned industrial park with the aim of producing finished products.

Description of project services or products

Rare earth metal mining. Production of finished rare earth products

Project company: Murmansk Region Development Corporation JSC, with the support of the Government of the Murmansk Region

Investment indicators

Project budget

10 bln ₽

Equity share in the project budget

100%

Government support

Part of the "It's Good to Live in the North" program of the Government of the Murmansk Region. Comprehensive one-stop-shop assistance and support are provided by Murmansk Region Development Corporation JSC. Implementation is planned under the preferential regime of the Russian Arctic Zone (KRDC).