$27 billion worth platinum deposit

Russian geologists claim to have discovered a huge deposit of platinous ore on the Kola Peninsula.

Head of a science foundation, Vladislav Panchenko, announced the discovery at a meeting with the government commission on innovation in Moscow on Monday.

It is not said where on the Kola Peninsula the discovered deposit is located. It should, according to a report posted on The Voice of Russia, be possible to extract some 350 tons of the metal from openpit mines.

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