Rus News Journal

Ministry of economic development and trade of Georgia sells a joint-stock company controlling interest " Madneuli "

the Ministry of economic development of Georgia takes out on sale a controlling stock of the state actions (97 %) gold mining company of joint-stock company " Madneuli ". The starting price of the enterprise at competition makes $32 million.

As have informed on Wednesday " News " in Ministry of economic development and trade, the tender commission the preference will give to those companies which will present the best offers concerning ecology, to employment and capital investments.

All participants of competition are obliged to present financial guarantees for the $3,5 million sum. Demands acceptance from interested persons to participate in competition will last till October, 24th, 2005, and in the end of October the tender commission will pass the decision.