“Yanolovo” JSC is implementing an investment project to develop the Ruchey Tirekhtyakh placer tin deposit in the Ust-Yansky District of the Sakha Republic (Yakutia), utilizing the preferential regime of the Arctic Zone of the Russian Federation. Under an agreement with the Far East and Arctic Development Corporation (FEDC), approximately 1.3 billion rubles have been invested in the project, creating 235 jobs.
"Connecting the “Yanolovo” project to nuclear power is a strategic step in the development of the energy and industrial sector in the Republic of Sakha (Yakutia). This agreement will not only improve the economic efficiency of tin mining at the Ruchey Tiryakhtyakh deposit but will also be a significant contribution to reducing the environmental impact on the Arctic. The Far East and Arctic Development Corporation is ensuring the implementation of state support measures and comprehensive project support for the first resident of the Arctic Zone of the Russian Federation in Yakutia," said Dmitry Borisov, Director of the FEDC “Yakutia”.