Implementation of the project of Tyrnyauz GOK (Iron Ore Enrichment Works), located in Kabardino-Balkaria, may start in 2017. This was stated by the head of Minkavkaza Lev Kuznetsov during the meeting with the press after his speech at Government Hour in the State Duma with the annual report.
"The first period, which we have clearly identified, - it is the development of a new feasibility study of conditions and revaluation of reserves, and production of reserves on the state balance. This process should be completed in the first quarter of 2016. On this basis, before July, we have to create economic and financial model and model of technological processes. And with positive figures, the implementation of this project should start since the beginning of 2017", - TASS quotes him as saying.
