According to Reuters, Udokan deposit located in Chita region will be sold by auction in June 2005. The starting price will amount to $34 mln.

There are several companies, which have shown their interest in the deposit. One of the key pretenders to Udokan resources is Ural Mining Company UGMK. Udorkan buying is a strategic purpose for the Ural Company. However, experts say that it has little chances as the auction will be of open character and foreign companies will be allowed to participate.