The Federal Agency of Subsoil Use (Rosnedra) has announced a competition for the right to use the subsoil with the view of prospecting and mining tungsten-molybdenum ores at the Tyrnyauzskoye deposits in the Kabardino-Balkar Republic.
The initial payment for the site is some 1.08 billion rubles.
The site will be auctioned on April 17, 2018. (Ukrainian metal)