The State Commission on Stocks has approved and put on the state balance C1+C2 reserves of ore gold in the amount of 87.71 tons at the deposit named after Mikhailov in the Republic of Kabardino-Balkaria.
Now, this is the largest gold deposit not only in the North Caucasus, but also in the European part of Russia.
An enterprise extracting and processing 3.6 million tons of ore per year could be built there. (Ukrainian metal)