OREANDA-NEWS. August 20, 2007. Applications can be submitted for tender for Elgaugol, Yakutugol and property from August 20 to 1 October 2007, reported the press-centre of Russian Railways.

The starting price will be 47,396,308,385. 14 roubles (about USD1,8 billion).

The tender is for the sale of 3,031,488 shares of Yakutugol (75% of charter capital minus 1 share), 586,000 shares of Elgaugol” (68,86% of its charter capital) and the incomplete building of the railway from St. Zeysk of Far-Eastern Railways to the Elginsk coal stratum, which belongs to Russian Railways and the Republican Investment Company.

Applications to participate in the tender can be submitted from August 20 to October 1, 2007.

The tender will be decided on October 5, 2007 at 13:00 Moscow time at the Russian Federal Property Fund, 9 Lenin Prospekt in Moscow.

General information about the property to be offered for sale:

Joint stock company Elgaugol: Russian Railways owns 251,000 shares, which make up 29,4% of the charter capital.

Property owned by Russian Railways.

Submit applications to: 9 Lenin Prospeckt, the Russian Federal Property Fund, Moscow.

Applications can be submitted during workdays from 10:00 to 17:00 Moscow time.

Telephone for the preliminary list: Moscow (495) 781-18-28.