The Auction House of the Russian Federation has announced the date for holding an auction for the sale of a state share package in one of the largest planning institutions in Russia – Sibgiproshakt. The sale is being carried out as part of privatization

On 11 February, the Auction House of the Russian Federation (AHR) scheduled an auction for the sale of 38% of share (49,043 ordinary shares) in the Siberian mining institute for planning of mines, sections and dressing plants.

Starting price – 102 million rubles
The auction will be held at the address:
Moscow, 1 Khrustalny Lane
Applications for participation in the auction will be accepted until 15 January 2014.

The main areas of the company’s activity are planning mines, coal sections and dressing plants, reconstructing mining enterprises and liquidating them, and the institute also carries out the functions of a general subcontractor.

The main clients of the enterprise are Mechel, Yuzhkuzbassugol (EVRAZ, main shareholder – Roman Abramovich), Kuzbassrazrezugol (Urals mining and metallurgy company) and other major enterprises of the coal industry.

In 2013, the institute realized projects for adjusting the transport section of the Urgun part of the Gorlovsky mine for Sibirsky Antratsit, and also for adjusting the mou


In August 2013, Sibgiproshakht signed an agreement on cooperation with the Chinese companies China Shenhua Overseas Development & Investment Co., Ltd and Shengyang Beijing Huayu Engineering Co., Ltd, according to which the Institute will carry out development of a preliminary feasibility study for the construction of two coal mines on the border of Russia and China.

Sibgiproshakht is a stably working enterprise, with a history, results of activity and a financial situation that sho it to be a business with a high degree of investment attractiveness. The company is widely known in the mining industry and has long-term partner relations with leading enterprises in this field. 38% of shares is a blocking package which will make it possible to receive accounting reports of the company and take part in management. So we are sure that interest in it will be shown not only by existing shareholders of the enterprise, but also by independent investors,” says Andrei Stepanenko, general director of the AHR.

The company owns real-estate in the center of Novosibirsk – an office building with an area of 13,600 sq.m.