The article presents the results of the study of carbonaceous shales from the Kumak deposit. The analysis of their geochemical features reveals their shallow water-near shore sedimentation conditions. The high-aluminous terrigenous sedimentary material underwent minimal transport and was formed mainly due to destruction of basic rocks. The sediments experienced a high degree of weathering typical of humid climates and deposited under conditions of oxidation and pre-oxidation. It is found that rare-earth elements (REE) practically do not accumulate in carbonaceous shales; their contents are correlated directly with the amount of terrigenous admixture, Normalization with respect to Post-Archean Australian shales (PAAS) shows that REE contents are in the range from 0.1 to 1 units. The carbonaceous shales are characterized by uniform normalized curves-preferential accumulation of light REE as against heavy REE, with a distinct europium minimum in a number of samples. The main minerals-concentrators for light REE are Monazite-(Ce) and Rhabdophane-(Ce), and for heavy REE-Xenotime-(Y). Xenotime is an yttrium mineral, with the content of Y2O3 up to 47.61 wt.%. Among the other REE which regularly replace yttrium, dysprosium, gadolinium and erbium prevail. Monazite is a cerium mineral, with the content of Ce2O3 up to 37.07 wt.%. The ratio of Ce2O3 to the sum of the other light REEs is stable and equals 1. In contrast to xenotime, monazite contains a significant thorium admixture reaching 13.32 wt.% of ThO2. Georceixite, bastnasite and pietersite-(Ce), which is an agardite-(Na) mineral, are represented by single grains. A large number of Th-REE compounds of complex composition and an unidentified As-Ce mineral in zircon are also observed.