Kabardino-Balkaria readies to resume tungsten production in 2021 - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Kabardino-Balkaria readies to resume tungsten production in 2021

NALCHIK, Nov 18 (PRIME) -- Construction of buildings and facilities to resume production and processing at the Tyrnyauz tungsten-molybdenum field in the republic of Kabardino-Balkaria will start in April–June 2021, the region’s head said in a statement late on Tuesday.

“In accordance with the document, construction of buildings and facilities and construction of road infrastructure will start in the second quarter of 2021. The launch of new production is scheduled for the end of 2023,” the statement read.

President Vladimir Putin ordered the government to resume production at the Tyrnyauz field in 2016. The project’s total cost exceeds 27 billion rubles. The Natural Resources and Environment Ministry, the North Caucasus Affairs Ministry, state industrial corporation Rostec, and Wolfram Company plan to create a facility for deep processing of tungsten-bearing raw materials in the North Caucasus Federal District.

In 2018, Rostec’s subsidiary Elbrus Mining Company won an auction for development of the Tyrnyauz field. The company evaluated reserves of the field and developed a feasibility study. A beneficiation plant and a hydrometallurgical plant at the field will have a production capacity of up to 4,500 tonnes of tungsten oxide.

(76.2530 rubles – U.S. $1)

End %%md/jst%%

18.11.2020 08:45
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 98.5602 -0.0845 04 may
USD 91.6918 -0.3620 04 may
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 3441.77 -0.03 18:51 03 may
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 155.22 -1.60 23:14 03 may
lkoh 8069.00 -0.44 23:14 03 may
rosn 582.90 +0.10 23:14 03 may
sber 307.73 +0.12 23:14 03 may
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 98.4850 0.0000 15:00 03 may
USDTD 91.4025 -0.7025 17:44 03 may