Auction on iron-ore deposits declared not taken place

Auction on four large iron-ore deposits in Yakutia was declared not taken place.

The information was disseminated by the Territorial Agency on Subsoil Resources Management of the Sakha Republic (Yakutia). Specialists of Yakutnedra refrained from disclosing the reason.

The auction was held on March 18 in Moscow in the Federal Agency for Subsoil Resources Management (Rosnedra). All four deposits - Tayozhnoye, Desovskoye, Tarynnakhskoye and Gorkitskoye were put for bidding as one lot.

The start price was set at RUR5,389 million.

// Mar. 26, 2008

Resource: SakhaNews