Immediately four areas of alluvial gold will come under hammer in Bashkiria in January

On January 27, 2014 the Directorate for Mineral Resources in the Republic of Bashkortostan (Bashnedra) immediately holds three auctions for the right to use subsoil for exploration and mining of alluvial gold.

Balance reserves of alluvial gold of Tarlau placer of C1 category are 81 kg. Tarlau placer is located in the territory of Uchalinsky region of Bashkortostan. The land plot of 0.2 square kilometers is located five kilometers north-west of Iltebanovo village in the left side of the valley of Tarlau creek, three kilometers west of the dam at Iltebanovskoye reservoir.

The winner of the auction will be issued a license for the exploration and extraction of gold at Tarlau placer for 10 years. The startup amount of one-time payment is set at 1645 thousand rubles. The bid increment is 10 percent of this amount. The fee for participation in the auction is 125.5 thousand rubles.

The right to develop Kuru -Elga and Terrasovaya-3 placers of Uchalinsky region are placed at the second auction. The land plots’ areas are 0.33 and 0.13 square kilometers. Gold reserves of C1 category are defined in the volume of 121 kg and 40 kg, respectively. Kuru-Elga placer is located in the floodplain of the River Ural valley, 0.8 kilometers south- west of Urazovo village. Terrasovaya-3 placer is located 1.2 kilometers north-west of Urazovo outskirts.

The winner will receive the right to exploit subsoil for 10 years. The startup amount of one-time payment is 3,04 mln rubles. The bid increment is 304 thousand rubles. The fee for participation in the auction is 125.5 thousand rubles.

The same day the 20 years right of use of Yaprakty - Baskunzyak placer in Baimaksky region of Bashkortostan is placed at the auction. The land plot of 29.2 square kilometers is located 19 kilometers north- west of Sibay, in the Hudolaz river basin. Total outbalance reserves of the gold placer are: C1 category - 122.6 kilograms, C2 - 37.9 kilograms.

The startup amount of one-time payment is 2.3 million rubles. The bid increment is 230 thousand rubles. The participation fee is 125.5 thousand rubles.

Applications for participation in these auctions are accepted until December 25 inclusive.