The Finnish company Metso and the Ukrainian group BGV Group Management are entering a new phase of partnership by launching a joint project for the development of the Yastrebetz deposit of zircon-fluorite-rare earth ores in the Zhytomyr region. This is already the second large-scale project for both companies: previously, they implemented a joint initiative in the graphite sector, where they collaborated on the creation of a processing plant at the Balakhivske deposit.
This is reported by Business • Media
New Partnership for Critical Minerals Development
Currently, the partners are shifting their focus to the extraction of rare earth and rare metal elements, which are strategically important for modern industry. The parties discussed conducting technological research aimed at optimizing the enrichment processes and extracting valuable components from the concentrate of the Yastrebetz deposit.
Research and Technological Capabilities of Metso
The Metso research center has the necessary equipment to process both enrichment technologies and hydrometallurgical methods for extracting rare earth and precious metals. This opens up new opportunities for the implementation of current and future BGV projects in the field of critical minerals.
The development of the Yastrebetz deposit is currently being handled by the company “CFR GROUP,” which is part of BGV Group Management. Geological and technological studies are underway at the site, which are necessary for accurate mineral reserve calculations.
“The companies discussed conducting technological research on the enrichment and extraction of useful components from the concentrate of the Yastrebetz deposit. The capabilities of the Metso research center allow for the processing of both enrichment technological processes and hydrometallurgical methods for extracting rare earth and other valuable elements, which opens up new opportunities for the development of BGV projects in the field of critical minerals.”