Elbrusmetall Group established with the participation of Rostec State Corporation continues expanding the Tyrnyauz mining cluster that includes the development of tungsten–molybdenum and gold ore deposits. It is planned to complete primary mining and economic modeling in 2025. Currently, confirmatory drilling has started to verify the exploration data.
The Tyrnyauz tungsten–molybdenum and gold ore deposits are located near the town of Tyrnyauz, Kabardino-Balkaria.
“Development of the cluster is planned in its gold ore part, tungsten and molybdenum are considered as a future strategic perspective. Field development will give impetus to the region growth in terms of creating new jobs and tax revenue enhancement. In preparation for the project implementation, Elbrusmetall has designed and built at its own expense a high-mountain motor road and prepared an energy and gas infrastructure. Rostec takes good care of the unique natural environment in the Elbrus region, therefore the cluster facilities are being designed in accordance with all environmental regulations as well as seismic and mudflow conditions in the region,” said Rostec’s representatives.
First production and commissioning of the mining and processing combine is preliminary scheduled on 2028. Annual cluster capacity at the first stage shall be from 2.5 to 3.5 million tons of ore. The region will eventually get about 1,000 jobs.