Gold deposit of Sukhoy Log in the category of risky investments

A new tender for the massive gold deposit will be held in Russia. 
Origin source
Late last week, the head of the Ministry of Natural Resources Sergei Donskoi said that the auction for the Sukhoi Log deposit in the Irkutsk region is scheduled for the end of the year. Experts believe that the current macroeconomic situation threatens the fate Udokan lot, and after the purchase of the auction winner of the license will be constantly shifting timeline of the project development.

Unclear perspectives from the field is maintained, despite the optimism of the head of the relevant ministry, "Izvestia" writes. According to the forecast of the Don, the Sukhoi Log may go under the hammer at the end of this year, but official results of the auctions will be announced early next year. As explained by the head of the press service of the Ministry of Nature Nikolai Gudkov, the competition allow only companies with significant state participation - state package shall be 25% of the securities of the company, and more.

Do not be able to qualify for the purchase of Sukhoi Log legal entities, which in one form or another, controlled by foreign owners or investors. Those who wish to purchase the companies have to pay a deposit of at least 8.5 billion rubles - tacodefined threshold for the entry fee. According to analysts, buy mine certainly try the two biggest players - the state corporation "Rostec" as well as the main earner of gold in the Russian consortium "Pole." Both companies have an interest in the Sukhoi Log declined to comment. However, previously the head of a consortium of Pavel Grachev admitted that the "poles" would like to participate in the development of the mine. The interest in "Rostec" evidence prepared in the summer of last year, the head of the corporation, Sergei Chemezov, a project to develop Sukhoi Log. It was addressed to the head of government, Dmitry Medvedev and Don.

Another participant in the competition can theoretically be "Alrosa" - the share of state participation and the absence of foreign control, the company meets the conditions of the contest. However, the representative of the giant diamond mining industry says that now fight for the Sukhoi Log "ALROSA" is not interested, but adjustments can make the supervisory board.

According to the director of corporate ratings group ACRA Maximand Hudalova probably right to develop Sukhoi Log The result is a joint venture, one of whose members is sure to become "Rostec", and the second - "Pole" or "Polymetal". However, once production at the field, they will not organize and will seek postponements related activities, the expert predicts. The reason - lack of funds needed for field commissioning. Following the auction, the price of the license, is likely to increase to 30-40 billion rubles, and in the equipment and the actual development will need to invest some 100 billion rubles, says the regional director of eToro in Russia and the CIS, Paul Salas.