Svyatogor, a part of UGMK, has asked the government to put up for an auction a site of the Volkovskoye deposit of tungsten-iron-copper ores, the largest in the Urals.
Copper reserves are estimated at 771 thousand tons, iron – 20 million tons, tungsten oxide – 333 thousand tons and gold – 11.7 thousand tons.
The initial price will be 2.1 billion rubles.
Svyatogor is operating at an adjacent site. (Ukrainian metal)