Kemerovo molybdenum, coal deposits to be offered in new auctions March29

Kemerovo molybdenum, coal deposits to be offered in new auctions March29

The Kemerovo region natural resources agency scheduled new auctions for March 29 for the rights to the Viktoryevsky molybdenum property and the Spichenkovsky coal block, a
source at the agency told Interfax.

The December 15 auctions for these properties were called off. It was reported earlier that the auction for explore for the rights to explore for and mine molybdenum ore at the Viktoryevsky section of the Viktoryevskaya gold and rare-earth metal zone near the town of
Tashtagol was called off because the auction commission did not have confirmation that the bidders – Novosibirsk-based Siblitprom, and the partnership of Biznesforvard and Ogneupory from Sverdlovsk region – had made the deposits to participate.

The auction for the rights to explore and mine the Spichenkovsky section of the Berezovskoye coal deposit was called off because only one company – Kemerovo’s KMU Sibstalkonstruktsia – met all the conditions and was cleared to bid. One of the applicants, RDS Soyuz of
Novokuznetsk, declined to bid in the auction, while two other’s – Berezovsky Mine and Sibcoal Management Co. – transferred the deposit to participate in the auction, but not to the specified requisites.

The starting price for the Viktoryevsky property is unchanged at 4.083 million rubles. The winner will get a 20-year license, the term of which may be revised based on the project proposal. The head of the regional resources agency, Alexander Mamlin said earlier that the
Viktoryevskaya zone was marked out in 1970 in the course of geological surveys. Exploration in the 1970s discovered a molybdenum mineralization in the Northern section and on the left bank of Shumyashchy Creek. Two ore bodies were mapped out by subsequent sampling. The average grading for molybdenum is 0.58%, but a real assessment of reserves was not conducted, he said.

The winner will have to explore the property and build a mine with capacity of at least 200,000 tonnes of raw ore per year within 136 months of license registration.

Spichenkovsky has estimated reserves of 1.8 million tonnes of T-brand steam coal that are not included in the state balance.

The starting price is unchanged at 1.5 million rubles.

The winner will have to explore the property and build a mine with capacity of at least 100,000 tonnes of coal per year within 72 months of license registration. The winner will receive a 20-year license, the term of which can be revised based on the project proposal.

The deadline for applications to participate in the new auctions is February 22.

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