The price of the license for the development of Tyrnyauz tungsten-molybdenum ores in Kabardino-Balkaria dropped 2-fold, from 2.2 billion rubles to 1.08 billion rubles.
On the basis of the deposits a new industrial complex could be created, providing some 1 thousand jobs.
The estimated reserves of the deposit are around 210 thousand tons of tungsten trioxide. (Ukrainian metal)