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18 MARCH 2004  

Documents about the Sukhoi Log deposit auction will have been published till the end of April

According to Rosbalt, the documents about the Sukhoi Log auction will have been published till the end of April. This information was provided by the deputy head of the Ministry of Economic Development Mukhamed Tcikanov.

The starting price of the gold deposit, one of the largest deposits in the world, has not changed and amounts to $10 mln. The conditions’ publishing is delayed due to the Government reform.

The deposit resources are estimated at 1.029 thou tons of gold. $700 mln – 1.5 bln will be spent for the Sukhoi Log development. The winner of the auction will have to mine not less than 30 tons of the precious metals a year. The main pretenders to the deposit are MMC Norilsk Nickel, Polimetall Company, Bazovy element, Fleming Family & Partners, Canadian Barrick Gold and Placer Dome, international Rio Tintо Company.



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