Russia says to tender Sukhoi Log gold deposit in 2017
02/12/2016 06:27
MOSCOW, Dec 2 (Reuters) - Russian Prime Minister Dmitry
Medvedev has signed an order to sell rights for the development
of the giant Sukhoi Log gold deposit in Siberia in an auction in
2017, the government said in a statement on Friday.
Sukhoi Log, one of the world's largest untapped gold
deposits, has remained undeveloped for half a century. Russia
has been promising to sell the license for more than 20 years.
Companies controlled by foreign investors will not be
allowed to take part in the auction, the government said in
August. urn:newsml:reuters.com:*:nL8N1AT1J1
Any bidder should have the Russian government or
state-controlled firms among its shareholders with a 25 percent
stake.
The starting price for the license will total 8.6 billion
roubles ($135 million).
Almost all Russia's major gold producers have in the past
shown interest in taking part in the auction for the deposit.
($1 = 63.8595 roubles)
(Reporting by Polina Devitt and Diana Asonova; editing by
Christian Lowe)
((Polina.Devitt@thomsonreuters.com; +7 495 775 12 42; Reuters
Messaging: polina.devitt.reuters.com@reuters.net))
Keywords: RUSSIA SUKHOILOG/