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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)

End

21.12.2017 09:14
 
 
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