New tender for Mining Smelter Basin (RTB) "Bor" on August 31 - Oleg Deripaska and Zoran Drakulić are interested parties

Privatization Agency confirmed that the new tender for sale of Mining Smelter Basin (RTB) "Bor" should be announced on Friday (August 31, 2007).

Russian company "Basic Element", the owner of which is Oleg Deripask, confirmed that it will bid on the tender. That was also announced by the owner of company "East Point", Zoran Drakulić.

Previous tender for RTB "Bor" was announced in September 2006, and the best bidder was Romanian company "Cuprom", which offered price of 400m USD. The contract was cancelled at the end of April 2007 because "Cuprom" did not pay the price from the contract.

The second-ranked bidder on that tender was consortium of companies "East Point" and London's investment fund "ORN", which offered price of 340m USD.

According to the earlier announcements from the Government of Serbia, minimal price for RTB "Bor" will be 340m USD.