Carbonatites compose sheet bodies in a 300-m sequence of volcanic lamproites, as well as separate large bodies at depths of >250-300 m. An analysis of new high-precision data on concentrations of major, rare, and rare earth elements in carbonatites shows that these rocks were formed during crystallization differentiation of a carbonatite magma, which resulted in enrichment of the later melt fractions in rare elements and was followed by autometasomatic and allometasomatic hydrothermal processes. Some independent data indicate that the main factor of ore accumulation in the weathered rock zone (also known as the "lower ore horizon" comprising metasomatized volcanics with interbedded carbonatites) was hydrothermal addition of Nb and REEs. The giant size of the Tomtor carbonatite-nepheline syenite massif caused advanced magma differentiation, extensive postmagmatic metasomatism and recrystallization of host rocks, and strong enrichment of carbonatites in incompatible rare and rare earth elements (except for Ta, Zr, Ti, K, and Rb) compared to the rocks of many other carbonatite massifs. We suggest that a wide range of iron contents in carbonatites-2 can be related to extensive magnetite fractionation at the magmatic stage in different parts of the huge massif. Copyright ?? 2003 by MAIK "Nauka/Interperiodica" (Russia).