31 Aug '09
The federal subsurface management agency Rosnedra has announced an auction to sell a license to develop a rock salt field in the Republic of Bashkiria.
The starting price is reportedly set at $40.55m, the auction step is 10%.
The agency is to auction Levoberezhny field (Left Shore field) of Yar-Bishkadaksky deposit, located in the region’s Sterlitamak district.
The auction is scheduled to take place on October 27, 2009.
Yar-Bishkadaksky deposit has Levoberezhny (Left Shore) and Pravoberezhny (Right Shore) fields, separated by the Belaya River (White River).