Results of tender to explore and develop

Results of tender to explore and develop
Published: 23 March 2006

Saratovnedra announces deadline for accepting bids for exploration and development of the Tersinskoye limestone deposit located in the Saratov region. Among bidders are those of Eurocement Group, IKA-Edelveys, Saratovskiy Tekstil and Industriya Plus Saratov. Recoverable reserves of the Tersinskoye province are estimated at over 143Mt of cement equivalent. The successful bidder of the tender will gain a 25-year license for the deposit.