en.Wedoany.com Reported - The Russian Ministry of Natural Resources announced that starting from September 1, 2026, the starting price for auctions of placer gold mining areas will be increased by 20%.

Russian Minister of Natural Resources Alexander Kozlov stated in an interview with TASS that due to strong interest from mining rights users in placer gold blocks, auctions have been very active, with final transaction prices in some cases exceeding the starting price by 30 times. Kozlov noted that this indicates investors are willing to invest at the licensing stage, meaning these blocks were previously undervalued. Therefore, the Ministry of Natural Resources decided to amend the "Methodology for Calculating the Starting Price for Mining Rights."

The proposed amendments include introducing an additional 1.2x upward adjustment coefficient for the starting price of placer gold mining areas, along with a series of technical revisions to align with previous amendments to the Tax Code. Specifically, this involves introducing the КДРМ indicator for gold, which is determined according to the formula specified in Article 343, Paragraph 21 of the Tax Code of the Russian Federation.

Currently, the order to increase the starting price is being registered with the Russian Ministry of Justice and is scheduled to take effect on September 1, 2026.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com