RENOVA BUYS KYRGYZSTAN'S KARA BALTA MINING FOR 1.8 MILLION dollars

摘要

MOSCOW. (Interfax) - Viktor Vekselberg's Renova Group has bought the Kyrgyz government's 72.28 percent stake in Kara Balta Mining, a major Soviet-era uranium-processing enterprise and one of Kyrgyzstan's largest industrial enterprises, for 69 million som or approximately 1.8 million dollars, Almaz Imanaliyev, head of the Kyrgyz State Property Committee, told Interfax on February 22. Renova's UralPlatina Holding, which has consolidated Renova's gold mining assets, won a tender for the asset. It bid against the locally registered Imotu Enterprise and Canada's Stans Energy Corp. Imanaliyev said the second round of the tender took place on February 20. Imotu Enterprise bid 19 million som, he said.