The Russian Natural Resource and Environment Ministry plans to solve all disagreements on the sales terms of the Sukhoi Log gold deposit with the Federal Antimonopoly Service in September, Minister Sergei Donskoi said.

“We had a meeting in the White House, there are still disagreements with the Federal Antimonopoly Service. But on the other hand, we will naturally find a middle ground. There is no end so far, the discussion continues”, Donskoi said.

He also said that the government hoped to make a decision in early September.

In July, the government raised the starting price for Sukhoi Log to 8.6 billion rubles from 5 billion rubles and said only state-controlled companies could participate. The antitrust authority sent objections against this decision.

The government turned down the request by the antimonopoly service to allow companies without state participation of 25% or more to bid at the auction. (Prime/Ukrainian metal)

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