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Gold/Mining/Energy : Mosenergo ADR

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To: Copperfield who started this subject	5/19/2003 4:56:35 PM
From: Copperfield	of 241

New Valuation List MOSCOW - The Moscow city government has produced a new list of valuations for city land ranging from $300,000 per hectare for land near the Moscow Ring Road to $15.7 million per hectare for land in the central administrative district. The valuation is not intended for land sales but in order to calculate land tax more accurately by dividing the city into 1,516 zones rather than the previous 100 zones. Each zone was assessed according to 14 different variables. The valuations, to be used starting in 2004, increased the valuation of the capital's land by 90 percent, local media reported.

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