Metals & Mining Holding
“Elbrusmetal” JSC
Group of companies engaged in implementation of the project to resume mining and processing of tungsten-molybdenum ores at the Tyrnyauz deposit.
About the Project
Tyrnyauz tungsten and molybdenum project resumption implies development of modern high-tech and environmentally safe operations with a full production cycle, including:
1
Underground
mine
2
Processing
plant
3
Related site
infrastructure
4
Hydrometallurgical
plant
Mine capacity
4.5 Kt p.a.
Tungsten oxide output
1.0 Kt p.a.
Molybdenum oxide output
1.5 Mt of ore p.a.
Nevinnomyssk hydrometallurgical plant will produce tungsten and molybdenum oxides from the ore mined and processed at Tyrnyauz deposit.
Key Marketable Products
Project
Implementation Will
WO₃
MoO₃
Secure strategic tungsten resources for Russian manufacturing industry including defense sector, and create a platform for development of high-technology and import-substituting tungsten products as well as contribute to further social and economic growth of the North Caucasus region.
Elbrus Mining Company (based in Tyrnyauz)
Tyrnyauz deposit license owner

Operating company for tungsten and molubdenum underground mine and processing plant
Elbrusmetal Companies
Products highly demanded in in a wide range of manufacturing industries
A world-scale deposit
Competitive production cost
Access to well-developed infrastructure of the Kabardino-Balkar Republic and Stavropol Region
Potential for further strategic growth
Government support
Investment Prospects
Nevhydromet
(based in Nevinnomyssk)
Operating company for hydrometallurgical plant that will process concentrates produced by Elbrus Mining Company
History
1934
1938
1940
1945
Geological expedition led by Boris Orlov carried out prospecting and survey works in the upper reaches of the Baksan River and discovered a bed-rock outlet of the molybdenum deposit on one of the Ullu-Tyrnyauz-Tau ridge slopes
First phase of the processing plant launched
Ore mining started
The plant is fully recovered after the World War II, operations resumed
1968-
1999
Combined open-pit and underground mining operations in progress
1980s
The plant became one of the largest non-ferrous metallurgical plants in USSR with the mining capacity up to 10M tons p.a.
2001
Termination of operations and bankruptcy of the plant due to lack of demand
2001-2016
All plant facilities are destroyed, underground mine is abandoned without required conservation procedures
2016
The President of The Russian Federation Vladimir Putin encharged the Government of the Russian Federation to consider the resumption of mining operations at Tyrnyauz deposit (the Project)
2017
Reserves and resources are estimated for further licensing process. Elbrus Mining Company was established to implement the Project
2018
Elbrus Mining Company took up a 20-year mining license to develop the Tyrnyauz deposit
2018-
2019
2019
Feasibility study and detailed engineering launched
2020
“Elbrusmetal” JSC created to consolidate the companies involved in the Project implementation
Pre-feasibility study and JORC reserves and resources estimation prepared
1942
During the World War II the plant was fully destroyed by a series of explosions to prevent its takeover by German forces
1945-
1968
Underground mining in progress
Metals & Mining Holding
“Elbrusmetal” JSC
Group of companies engaged in implementation of the project to resume mining and processing of tungsten-molybdenum ores at the Tyrnyauz deposit.
About the Project
Tyrnyauz tungsten and molybdenum project resumption implies development of modern high-tech and environmentally safe operations with a full production cycle, including:
1
Underground
mine
2
Processing
plant
3
Related site
infrastructure
4
Hydrometallurgical
plant
Mine capacity
4.5 Kt p.a.
Tungsten oxide output
1.0 Kt p.a.
Molybdenum oxide output
1.5 Mt of ore p.a.
Nevinnomyssk hydrometallurgical plant will produce tungsten and molybdenum oxides from the ore mined and processed at Tyrnyauz deposit.
Key Marketable Products
Project
Implementation Will
WO₃
MoO₃
Secure strategic tungsten resources for Russian manufacturing industry including defense sector, and create a platform for development of high-technology and import-substituting tungsten products as well as contribute to further social and economic growth of the North Caucasus region.
Elbrus Mining Company (based in Tyrnyauz)
Tyrnyauz deposit license owner
Operating company for tungsten and molubdenum underground mine and processing plant
Elbrusmetal Companies
Products highly demanded in in a wide range of manufacturing industries
A world-scale deposit
Competitive production cost
Access to well-developed infrastructure of the Kabardino-Balkar Republic and Stavropol Region
Potential for further strategic growth
Government support
Investment Prospects
Nevhydromet (based in Nevinnomyssk)
Operating company for tungsten and molubdenum underground mine and processing plant
History
1934
1938
1940
1945
Geological expedition led by Boris Orlov carried out prospecting and survey works in the upper reaches of the Baksan River and discovered a bed-rock outlet of the molybdenum deposit on one of the Ullu-Tyrnyauz-Tau ridge slopes
First phase of the processing plant launched
Ore mining started
The plant is fully recovered after the World War II, operations resumed
1968-1993
Combined open-pit and underground mining operations in progress
1980-е гг.
The plant became one of the largest non-ferrous metallurgical plants in USSR with the mining capacity up to 10M tons p.a.
2001
Termination of operations and bankruptcy of the plant due to lack of demand
2001-2016
All plant facilities are destroyed, underground mine is abandoned without required conservation procedures
2016
The President of The Russian Federation Vladimir Putin encharged the Government of the Russian Federation to consider the resumption of mining operations at Tyrnyauz deposit (the Project)
2017
Reserves and resources are estimated for further licensing process. Elbrus Mining Company was established to implement the Project
2018
Elbrus Mining Company took up a 20-year mining license to develop the Tyrnyauz deposit
2018-2019
2019
Pre-feasibility study and JORC reserves and resources estimation prepared
2020
“Elbrusmetal” JSC created to consolidate the companies involved in the Project implementation
Pre-feasibility study and JORC reserves and resources estimation prepared
1942
During the World War II the plant was fully destroyed by a series of explosions to prevent its takeover by German forces
1945-1968
Underground mining in progress