Property of Lisakovsk ore mining and processing enterprise is exhibited on tender

/IRBIS, Feb.10, 00/ - REUTERS informs about tender on sale of the Lisakovsk ore mining and processing enterprise property, which will be held in February 21 in Lisakovsk. It was stated in the message of the enterprise manager. The manager has informed REUTERS by telephone, that the bankruptcy procedure has started today according to the Kazakhstan Government decree ь1564 of October 18, 1999. There will be six lots: property of the basic mining-processing complex, titanium-zirconium concentrate shop, brickworks, store, kindergarten, industrial practice building. Conditions of the tender are: purchase of the indivisible lot, preservation of the basic structure for not less than three years, obligatory annual investments in production, social protection of the workers, preservation of all work places not less than three years. For the buyers of mining-processing complex the supplementary requests are stated: * price should be not less than 70 million tenges; * production not less than 900.000 tons of iron concentrate during not less than one year from the purchase date; * preservation of 1,000 work places; * 200 million tenge deposit in rehabilitation fund (LTD Orken account). Now the state possesses 90% of the shares, employees - 10%. Last year Lisakovsk ore mining and processing enterprise has made 500,000 tons of iron concentrate against to 6 million tons at the Soviet Time. One of the consumers the Karaganda metal works of Ispat-Karmet, which production also is shipped to the Russian consumers.