Friday, December 2, 2016

The auction for the field “Sukhoy Log” will be held in 2017 – economic information Agency PRIME


MOSCOW, 2 Dec – PRIME. The auction for the world’s largest gold mine will be held in 2017. The corresponding decree was signed by Russian Prime Minister Dmitry Medvedev.

“to be Held in 2017, the auction for the right to use subsoil plots of Federal significance, including the Deposit of “Sukhoy Log”, located on the territory of Irkutsk region for the prospecting and mining of gold and silver in the order in accordance with the Appendix”, — stated in the decree of the Prime Minister.

“Sukhoy log” located in the Irkutsk region, its area is of 8.94 square kilometers. Inferred resources of the Deposit are estimated at gold by categories B+C1+C2 1 953 tons, silver – 1 541 tons, off-balance reserves of gold – 799 tons. This represents 28% of the total gold reserves of Russia.

the Starting size of payment for this section will be of 8.55 billion roubles.

the Original auction on this field planirovalos to be held in November-December this year, but in the middle of last month, the head of Ministry of Russia Sergey Donskoy said that in 2016 to hold an auction on the “Sukhoy log” will not work, “no time,” he said.

His interest in the field of “Sukhoy log” has already been announced by major players such as “pole,” GK “rostec”, Polymetal, Nordgold, Kinross, “Higher”.

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