The paper concerns issues of geology and metallogeny of the Russian Arctic, namely, (i) limits of the Russian oceanic Arctic in the context of the continental origin of territories under jurisdictional dispute; (ii) geology and tectonic history of the region; (iii) distribution of mineral deposits; (iv) outlook for diamond, PGE, Ni, rare metals, gold, and bauxite resources development.

Advanced diamond exploration and development can be expected proceeding from geology of new potentially diamondiferous areas, the Phanerozoic history and composition of lithospheric mantle beneath the Siberian craton which were controlled by the Siberian superplume at the Permian–Triassic boundary, and from new exploration approaches adapted to the prospecting conditions of Arctic Siberia.

According to the available knowledge of Ni and PGE mineralization in the Noril’sk region, it is reasonable to develop depleted ores and tailings (mining dumps at the Noril’sk and Talnakh deposits). However, the key solution consists in new large discoveries within the Dzheltula and Kharaelakh volcanic and plutonic complexes.

Gold production enhancement may be associated with black shale-hosted Au-As mineralization in the northeastern Russian Arctic, but the problem is in the lack of efficient and environmentally safe dressing technologies for these ores.

Most of rare metals in the area (Nb, Sc, Y, and other elements) are stored in the giant Tomtor field, which has a complex structure and history. A special technology designed for the Tomtor ores ensures more than 60% extraction of ore components.

Good prospects for the bauxite potential are expected from the Timan district where bauxite may occur in Vendian and Early Carboniferous formations.

It is suggested to include the development of the Russian Arctic as a priority target in the national economic strategy.

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