D.Medvedev signs decree on auction for right to use site at Yaregskoye deposit
Edited by Rhod Mackenzie / 2014-09-05 11:46:27
The Russian Prime Minister Dmitry Medvedev has signed the decree on the holding of an auction for the right to use the subsoil site of federal significance, which includes Titanovy-1 at the Yaregskoye field (Komi), in 2014.
The decree was made by the Ministry of Natural Resources.
The document was developed on the assumption of the requirements of the Russian Law “On Subsoil”.
The law implies that the decision to hold auctions for the right to use subsoil areas of federal importance, the composition and procedure of auction fees and the procedures and conditions of such auctions with respect to each subsoil area or group of areas is made by the Government of the Russian Federation.
