Tyrnauzsky deposit to put up for auction in Q2

Nadezhda Ivanova's picture

The Tyrnauzsky wolfram – molybdenum ore deposit (Kabardino-Balkariya) will put up for auction in Q2.

The tender will be held for the right to use the subsoil aiming for geological study, exploration and extraction at the Tyrnauzsky deposit.

The work on the re-assessment of reserves and working out of the technical and economic assessment of the deposit’s state has been held; wolfram – molybdenum ore reserves of the deposit with the separation of the site for initial development have been approved.

The start-up payment for the subsoil use, including the initial site for the development of the Tyrnauzsky deposit, makes up 534.2 mln roubles.


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