RusBankrot
We know everything about bankruptcy
30/01/2026
Friday
THIS DAY IN HISTORY:
30 January 
1970 Same-sex marriages were legalized in Belgium.
1970 Gay marriages were legalized in Belgium
1970 The Shekel currency was introduced in Israel.
1970 Charles Richter proposed the Richter’s scale for measuring earthquakes magnitude.
1970 Charles Richter proposed the Richter’s scale for measuring earthquakes magnitude
1970 Charles Darwin's book on natural selection was published in Russia.
1970 Charles Darwin's book on natural selection was published in Russia
30 January
1970 Same-sex marriages were legalized in Belgium.
1970 Gay marriages were legalized in Belgium
1970 The Shekel currency was introduced in Israel.
1970 Charles Richter proposed the Richter’s scale for measuring earthquakes magnitude.
1970 Charles Richter proposed the Richter’s scale for measuring earthquakes magnitude
1970 Charles Darwin's book on natural selection was published in Russia.
1970 Charles Darwin's book on natural selection was published in Russia
A COMPANY FROM MOSCOW BECAME INTERESTED IN MINING TUNGSTEN IN PRIMORYE
A significant event is taking place in the natural resources market. A key asset in the field of rare metals mining in the Far East, the license for the Forgotten deposit containing tungsten and tin, has acquired a new owner. It became a structure affiliated with the Rosatom division. This acquisition can speed up the commissioning of the facility.
The importance of the deal is emphasized by the global context. Demand for strategic metals, especially tungsten, remains high. Although global production of its oxide is growing, the main share (over 80%) is concentrated in China. Russia, providing about 2.4% of the global volume, has significant potential to develop its own production to cover domestic needs, estimated at 3-3.3 thousand tons annually.
The asset has a complicated history. The right to use the subsoil was obtained back in 2013 for twenty years. However, the previous owner, who was part of the Wolfram Group, faced financial problems after 2022 due to changes in global markets and was declared bankrupt. This led to the asset replacement procedure and the emergence of a new legal entity, Primorvolfram JSC, which was put up for auction.
Interestingly, the new investor, Orbita Invest, already has experience working with the assets of the former Wolfram Group, having previously acquired the Hydrometallurg plant. The company also specializes in composite materials, which indicates potential synergies. 56 million shares were offered at the auction for 100% of the shares, with a starting lot price of over 559 million.
From a geological point of view, the object is of serious interest. The confirmed reserves are estimated at 11.4 thousand tons of tungsten oxide and 757 tons of tin, and the estimated resources are still almost 8 thousand tons. The launch of production here does not require highly complex technologies, which allows us to count on a relatively quick output to the design capacity. It is expected that the main commercial product will be a complex concentrate for export.
The dynamics of the tin market gives the project additional investment attractiveness. At the beginning of 2026, its price reached a historic high, exceeding $54 thousand per ton on the LME, due to a shortage of supply in the world. Thus, the development of the Forgotten deposit can contribute not only to providing the country with strategic raw materials, but also to strengthening its export potential.
Photo: Freepik
The importance of the deal is emphasized by the global context. Demand for strategic metals, especially tungsten, remains high. Although global production of its oxide is growing, the main share (over 80%) is concentrated in China. Russia, providing about 2.4% of the global volume, has significant potential to develop its own production to cover domestic needs, estimated at 3-3.3 thousand tons annually.
The asset has a complicated history. The right to use the subsoil was obtained back in 2013 for twenty years. However, the previous owner, who was part of the Wolfram Group, faced financial problems after 2022 due to changes in global markets and was declared bankrupt. This led to the asset replacement procedure and the emergence of a new legal entity, Primorvolfram JSC, which was put up for auction.
Interestingly, the new investor, Orbita Invest, already has experience working with the assets of the former Wolfram Group, having previously acquired the Hydrometallurg plant. The company also specializes in composite materials, which indicates potential synergies. 56 million shares were offered at the auction for 100% of the shares, with a starting lot price of over 559 million.
From a geological point of view, the object is of serious interest. The confirmed reserves are estimated at 11.4 thousand tons of tungsten oxide and 757 tons of tin, and the estimated resources are still almost 8 thousand tons. The launch of production here does not require highly complex technologies, which allows us to count on a relatively quick output to the design capacity. It is expected that the main commercial product will be a complex concentrate for export.
The dynamics of the tin market gives the project additional investment attractiveness. At the beginning of 2026, its price reached a historic high, exceeding $54 thousand per ton on the LME, due to a shortage of supply in the world. Thus, the development of the Forgotten deposit can contribute not only to providing the country with strategic raw materials, but also to strengthening its export potential.
Photo: Freepik
28.01.2026
