Gidrometallurg plant to be transferred from Nalchik

The Gidrometallurg plant will be transferred from the territory of Nalchik to the territory of a newly-created industrial free economic zone. This is stipulated in an agreement signed by the head of Kabardino-Balkaria, Yuri Kokov, and the CEO of ZAO Company Wolfram (Moscow), Mikhail Gorbachev, on cooperation in the implementation of projects in the country to establish ore dressing and processing industries.

In accordance with the agreed roadmap, it is expected this year to ensure the development of construction documents, so that already in 2016 construction of the plant can begin, and in the fourth quarter of 2018 to put it into operation.

"The second area of cooperation in the framework of the reached agreements is a project to create mining and processing industries, including those based on Tyrnyauz tungsten-molybdenum deposits. The third area concerns the project of import substitution of production of metal cutting tools. This refers to the maximum load capacity and effective use of Terekalmaz, the country's leading company in this segment," the news portal YUGA quotes the press service of the head of republic.