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News
13.03.2008
Severstal subsidiary OOO Severnaya Zolotorudnaya Kompaniya (Northern Gold Mining Company), wins exploration and extraction rights for the Nerchenskaya field in Chitinskaya oblast.
OOO Severnaya Zolotorudnaya Kompaniya (Northern Gold Mining Company), a subsidiary of Russian mining and steel company Severstal, has won an auction for the geological exploration and gold extraction rights at the nerchenskaya field in the Chitinskaya oblast. The auction was held by the Subsurface Management Department of the Chitinskaya oblast on 13 March, 2008 in Chita.
Severnaya Zolotorudnaya Kompaniya’s winning bid was 16,5 m roubles from a starting price of 15 m roubles. According to Severstal Resurs estimates, the resources in this field are predicted to be 20 tons of gold.
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