ALROSA

Severalmaz to complete geological exploration at Pionerskaya by 2015

Severalmaz Plc. (the subsidiary of ALROSA) will complete geological exploration at Pionerskaya kimberlite pipe (Lomonosov deposit) by 2015.
“Now we reassess its ore reserves. There is some positive result. The content increases from the historical 0.4 to about 0.5 carat per ton of ore”, General Director of Severalmaz Sergey Gerasimov reported.

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Alrosa will allocate 35% of net profit to dividends

On Friday, the Alrosa Supervisory Council has agreed the changes to the statute about the company’s dividend policy. In accordance with them, now Alrosa will allocate not less than 35% of net profit by ISA to dividend payment in 2014, i.e. for 2013.
Earlier the company’s dividend policy presupposed minimum dividend payment of 10% of net profit by RAS. They also concerned the governmental recommendations; in particular, in 2012 Alrosa paid record dividends of 8.175 that shared 24.3% of net profit by ISA, or 32.5% of net profit by RAS.

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Lukoil to invest roughly $1 billion into mining of diamonds in the Arkhangelsk region

The largest Russian private oil company Lukoil estimates investments into a diamonds production project at the Vladimir Grib deposit in the Arkhangelsk region at about $1 billion, the company’s Head, Vagit Alekperov reported at the meeting with the Russian President, Vladimir Putin.
Alekperov confirmed that the launch of dressing plant and production of the first diamonds are planned in November of this year and invited Putin to be present. Answering  the President’s question about the amount of investments into the project, Alekperov said: “About $1 050 billion, so this will be one of the largest pipes, which have been discovered in the world to date, and it will work”.
Earlier Lukoil voiced the investments in the amount of $850 million in the period before production.

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Rosneft acquires oil-and-gas assets of “ALROSA” for $1.38 bln

OJSC “Oil company “Rosneft” has agreed on an acquisition of a number of oil-and-gas assets of “ALROSA” JSC on the territory of the Yamalo-Nenets Autonomous Area and the republic of Sakha (Yakutia), which include a 100% participation share in CJSC “Geotransgas”, “Urengoy gas company” Ltd, CJSC “Irelyakhneft” and 99.9995% shares in OJSC “ALROSA-Gas”. The agreement was signed by the president, chairman of the Board of Management of OJSC “Rosneft” I.Sechin and the president of “ALROSA” F.Andreev in the presence of the Russian Prime Minister, D.Medvedev.
The total sum of the deal will make up $1.38 billion, the press-service of the company states. The acquisition of oil-and-gas assets of ALROSA will allow an increase of recoverable gas resources of the Rosneft Group of companies by more than 200 billion cubic meters and strengthen the Yamal gas cluster of the company.

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New Enhancements to Rusmininfo,full story selector available in Russian

Rusmininfo is pleased to announce some further enhancements to the news service.This week we have launched a full story selection system in Russian so now every user can select the news they want to receive according to their exact parameters in both Russian and English for full e-mail alerts.
To set up your new selections please log in and click on 'My News Alerts' then use the drop down menu and click on the companies,countries and sectors you want to receive news on.
If you have mislaid your log in details please e-mail [email protected]
Best Regards
Rhod Mackenzie
Managing Director

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Gas assets buying deal by Rosneft can be closed in the next few weeks, Sechin

The head of “Rosneft” I.Sechin said that the deal on a purchase of the gas assets of “ALROSA” by “Rosneft” can be closed in the next few weeks. Earlier, the State Anti-monopoly Service of Russia  granted a request of OJSC “TNK-BP Holding” (Rosneft controls 95%) on the acquisition of 100% shares of CJSC “Geotransgas” and 100% of “Urengoi gas company” Ltd.
According to experts, the purchase of a gas-producing subsidiary from ALROSA will give an extra synergy effect to the assets, which fell under the control of “Rosneft” after the acquisition of “Itera”, as “Geotransgas” owns a licence for the development of part of the Beregovoye gas condensate deposit in the Yamalo-Nenets Autonomous Area, where “Itera” operates too.

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FAS gives the green light to “Rosneft” for the purchase of gas assets of ALROSA

The Federal Anti-Monopoly Service has approved the application of OJSC “TNK-BP Holding” (Rosneft) on the purchase of 100% of “Urengoi gas company” Ltd and CJSC “Geotransgas”. It became known from the statement of the press-service of the department.
CJSC “Geotransgas” was acquired by ALROSA Group in 2006 together with “Urengoi gas company”. The total resources at the licensed sites in the Yamalo-Nenets Autonomous Area, according to DeGolyer&McNaughton, make up 187 billion cubic meters of gas and 26.4 million tons of condensate at present.

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Rosneft interested in Alrosa’s gas assets but has not received any suggestions as yet

Rosneft has not received from Alrosa  any suggestions about its gas assets but is potentially interested in them, a source in Rosneft says, commenting about the gossip that Rosneft can become a buyer of Alrosa’s gas assets.

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Authorities ask Vladimir Potanin to buy a shareholding in ALROSA

Authorities asked Interros of Vladimir Potanin to become one of anchor investors during placing of 14% of ALROSA shares at the market. The shareholding is preliminary assessed in 24-48 billion RUR. The officials apprehend that foreign competitors of ALROSA can buy the part of its capital, though foreign companies reject their interest in the securities. Analysts have different opinions about the attractiveness of the shares and note that the state needs a guaranteed loyal investor.
Interros obtained the proposal to take part in the public offering of ALROSA’s shares, information agencies reported on Friday. A source close to Interros confirmed the information and said, the investment department was dealing with the analysis of the proposal. The amount of shares is not specified. Interros, ALROSA and Goldman Sachs (the organizer of selling of 7% federal shareholding) provided no official commentaries.

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Head of Yakutia supports the idea of consolidating diamond assets

The purchase of 51% in “Nizhne-Lenskoe” OJSC by Alrosa in December 2012 became the right decision in the political, economic and financial point of view. The head of Yakutia, E. Borisov, said.
The diamond company is not only the source of income but a source of stability in the region, including the social-political stability, he said.

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