7 Dec '10
The federal subsurface management agency Rosnedra has announced an open auction to sell an exploration license for Chitkandinskoye charcoal deposit in Zabaikalsky region.
The starting price for the 25-year license is reportedly estimated at $1.6m.
The 251.1-square-meter deposit is located in the Northern part of the region. Its coal reserves under A, B and C categories are estimated at 15.63 million tons.
The auction is scheduled to take place on February 25, 2011.