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[BUSINESS] · Russia · 11 sources

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Russian Scientists Unveil Kola Ashcroftine, a New Mineral Valued Above Gold

Researchers from the Kola Science Center of the Russian Academy of Sciences, St Petersburg State University and the A.E. Fersman Mineralogical Museum announced the discovery of a previously unknown mineral at the Kirovsky mine in the Khibiny Massif on the Kola Peninsula. The mineral has been named Kola Ashcroftine (also Kolsky Ashcroftine).

Kola Ashcroftine contains calcium, manganese, fluorine and the rare‑earth element yttrium, among other elements, and its crystal structure is described as one of the most complex known to science. The Russian Ministry of Science and Higher Education called the find a “chemical archive of the Earth’s crust.”

Initial market estimates suggest that a thin coating of the mineral on rock is worth about $145 per millimetre, a price that exceeds the current market value of gold per comparable length. Classic ashcroftine is known from deposits in Greenland, Canada and Italy; this new variant was discovered in Russia, adding a potentially valuable resource to the country’s mineral portfolio.

Entities

A.E. Fersman Mineralogical Museum · Ashkroftin Kola · Khibiny Massif · Kirovsky mine · Kola Ashcroftine · Kola Ashcroftine · Kola Center of the Russian Academy of Sciences · Kola Peninsula · Russia · Russian Academy of Sciences · Russian Ministry of Education and Science · Russian Ministry of Science and Higher Education

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