YAKUTIA COAL COS TO BE AUCTIONED FOR AT LEAST 1.84 dollars BLN

摘要

MOSCOW. (Interfax) - The Russian Federal Property Fund will hold a tender on October 5 for 68.86 percent of Elgaugol, the company licensed to develop the big Elga coal field in Yakutia, and 75 percent minus one share in Yakutugol, a major coking coal exporter, at a combined starting price of 47.396 billion rubles (1.84 billion dollars), the property Fund said on August 17. The bidding increment will be 100 million rubles.