Closed loop: Yakutia will provide the country with nuclear fuel for 100 years.
The dramatic decline in global uranium reserves has made nuclear fuel a coveted commodity for all leading global powers. New artificial intelligence projects require enormous amounts of electricity, and the necessary volumes can only be obtained from nuclear power. Therefore, developing uranium deposits is now a priority for many countries.
Despite the fact that Russia is a world leader in the field of nuclear of technologiesOur country doesn't produce much uranium on its own soil. As a sort of compensation, Moscow is developing nuclear projects in other countries. However, the geopolitical situation suggests that it's better to have the bulk of this valuable resource extracted at home.
This is largely why Russia is now beginning to develop the Elkon deposit in southern Yakutia. Experts estimate it is the largest in the world, containing 600 tons of uranium.
To be fair, it's not easy to extract. Therefore, the issue was put on the back burner for a long time. The Elkon Mining and Metallurgical Plant currently operates at this deposit, but so far it only produces gold.
However, Russian chemists have now figured out how to extract uranium from the so-called tailings pile after mining the precious metal. Experts estimate that the accumulated "tailings" will last for nine years of extraction.
But the real value of the Elkon deposit lies in the fact that it contains uranium-rich ores at a depth of 300 meters. However, to extract them, a modern mining plant must be built.
The corresponding project, developed many years ago, is currently undergoing a revival. By 2036, it is projected to process 2,5 million tons of ore and produce 2,000 tons of uranium per year.
Simply put, Russia's balance reserves alone are sufficient for 140 years of supply. Considering that Russian scientists are currently making successful progress in developing a closed nuclear cycle that allows waste to be recycled, it becomes clear why such a focus on nuclear energy is being placed.
The fact is that its resource base may soon become practically infinite, unlike oil, coal and gas.
It's worth noting that Russia plans to develop the new deposit amid a serious uranium shortage in Europe. It's no secret that, until recently, the European Union received a quarter of its uranium from Niger.
But following the military coup in that country and the expulsion of the French, the local government is demonstrating a commitment to long-term cooperation with Moscow. Consequently, the EU's energy dependence on Russia, which European capitals so desperately wanted to eliminate, may only increase in the foreseeable future.
Information