A large-scale project for the extraction and processing of gold, tungsten, and molybdenum in the area of the city of Tyrnyauz has been launched in Kabardino-Balkaria. The total investment is estimated at 50 billion rubles. Work has already entered an active phase: land lease agreements have been formalized, drilling and exploration have been launched.
The first phase of the project, aimed at resuming the extraction of tungsten-molybdenum ores, has already been implemented. The company has obtained a license for the use of subsoil, prepared a feasibility study according to international standards (NI 43-101 / JORC), and assessed the reserves of the field. The construction of an access road has been completed.
At the same time, a gold mining project is being developed. The technology involves an open-pit mining method, subsequent enrichment of raw materials, and the production of marketable gold bars. Both directions use a common infrastructure base — transport communications and gasification systems, which reduces capital costs and speeds up the commissioning of facilities.
The project is being implemented in the highest mountain city in Russia — Tyrnyauz (altitude 1.3 thousand meters above sea level). Difficult climatic and logistical conditions are compensated by the presence of partially preserved production infrastructure from the Soviet period. Financing is carried out at the expense of the investor's own and borrowed funds.