Alrosa’s Supervisory Board has approved the sale of the diamond miner’s gas assets at a public auction, to be held on February 19, 2018.
According to a press release, 100% blocks of shares of Maretiom Investments Limited and Velarion Investments Limited that hold 100% of shares in JSC Geotransgaz and 100% of stakes in Urengoy Gas Company LLC are put up for auction as a single lot. The reserve price at the auction is set at RUB 30 billion ($519600000) with the bidding step of RUB 100 million ($1731000).
Earlier this week, Alrosa announced that it is planning to hold an open competition for design solutions to enable the resumption of diamond mining at Mir deposit. The decision to hold a design competition was announced in follow-up the research and technology seminar in Yakutniproalmaz Institute.
