Author:
Masloboev Vladimir,Fedoseev Sergey,Tcvetkov Pavel,Krivovichev Sergey
Abstract
Abstract
This article describes the results of the economic efficiency assessment of the Afrikanda deposit (Russia, Murmansk Region) development based on the Monte Carlo method. The project was divided into two phases: Phase 1 – production of perovskite concentrate, phase 2 - production of TiO2, Nb2O5, Ta2O5 and REE concentrate. Comparative evaluation was conducted for two options: only phase 1 and phase 1 + phase 2. Obtained results showed that the profitability as well as the payback period of the first option, which is less capital-intensive, can be in 1.5-2 higher. Despite this, the NPV of the first option is 5 times lower than the second, and there are prospects for further growing of this gap beyond the 15-year evaluation period. It was concluded that there are significant economic opportunities of the integrated deposit development, which may be implemented with additional measures of state support.
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