Nornickel and Rosatom signal cooperation settlement; attainable lithium mining JV to develop Kolmozerskoye

Russia-based Nornickel, the world’s largest producer of palladium and high-grade nickel and a serious producer of platinum and copper, has entered right into a cooperation settlement with the Russian State Atomic Vitality Company Rosatom (Rosatom). The events agreed to cooperate in a number of areas.

First, the events intend to ship strategic initiatives within the Russian Arctic in a bid to develop the infrastructure of the Northern Sea Route, Arctic transport, together with the implementation of shipbuilding initiatives and the event of the nuclear icebreaker fleet.

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The nuclear-powered icebreaker Sibir and the port icebreaker Dudinka.


Atomflot’s icebreakers assist Nornickel broaden the transport hall to the Taimyr Peninsula, permitting it to assist its funding program within the Norilsk Industrial District. For instance, since 2022, the Sibir nuclear-powered icebreaker has been offering year-round navigation on the Murmansk-Dudinka line and is working within the Yenisey Bay, guaranteeing business velocity of piloting.

Joint initiatives might also embody the event of the Kolmozerskoye lithium deposit within the Murmansk area and additional deep processing of lithium uncooked supplies.

Kolmozerskoye is the biggest (18.9% of Russian reserves) and most promising untapped Russian lithium ore deposit and is at present unallocated. The events will think about establishing a three way partnership with stakes and parity ideas of company governance. Such JV would mix the belongings and competencies of the companions and take part within the Kolmozerskoye licence public sale.

This may give Russia the chance to start out its personal lithium trade and manufacturing of lithium-ion batteries. The nation doesn’t at present mine lithium.

Nornickel’s merchandise have lengthy performed an essential position in vitality storage. By increasing our vary of metals with such an essential and sought-after uncooked materials as lithium, we intend to strengthen our place as a key provider to the battery trade. And cooperation between Rosatom and Nornickel will enable the Russian trade to take a step ahead in growing its personal manufacturing of environment friendly trendy batteries.

—Nornickel President Vladimir Potanin

Lithium mining would assist arrange the primary home manufacturing of lithium-containing merchandise, in addition to the manufacturing of lithium-ion traction batteries. Thus, by complementing one another’s capabilities and belongings, cooperation between Rosatom and Nornickel will speed up the development of a full-cycle vitality storage trade.

An public sale for the rights to the Kolmozerskoye lithium deposit in Russia’s Murmansk area is because of happen in Q3 2022, with a beginning worth of tentatively 310 million rubles (US$4.26 million), Pure Assets Minister Alexander Kozlov informed Interfax. The deposit comprises niobium, tantalum and beryllium in addition to lithium. The Pure Assets Ministry has put it up for public sale however no events may very well be discovered as a result of hefty beginning worth, the ministry stated this yr.

Rosatom’s Atomredmetzoloto or ARMZ, which mines uranium, stated at the beginning of this yr that it was selecting a pilot area to launch a lithium undertaking in 2022.

Below the Nornickel-Rosatom cooperation settlement, Rosatom plans to contain FSUE Atomflot, ARMZ Uranium Holding, JSC TechSnabExport and JSC RENERA within the initiatives.

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