Official: Russia to auction Tyrnyauzskoye field until 2017-end
NALCHIK, Dec 21 (PRIME) -- Russia will auction a license to develop the large tungsten and molybdenum field Tyrnyauzskoye in the republic of Kabardino-Balkaria until the end of 2017, the regionТs head Yury Kokov said late on Wednesday during a Q&A session with local citizens.
УThe auction for provision of a license for development of the Tyrnyauzskoye field is scheduled for December 28Ц29. State corporation Rostec will participate in it among other companies, and I hope that they will win it and will start implementation of the project,Ф he said.
The depositТs resources account for 40% of all discovered tungsten and molybdenum reserves of Russia. The project to relaunch production at the field may cost about 20 billion rubles.
(58.7170 rubles Ц U.S. $1)