Diamonds

In Q1, Alrosa reduced its profit under RAS 2 times

In the first quarter of 2017, Alrosa reduced its net profit under RAS 2 times compared to the same period of the previous year to 21.1 billion rubles, the company's report says.

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In Q1, Alrosa increased production of diamonds by 9%

In January-March 2017, Alrosa produced 8.9 million carats of diamonds, which is by 9% more than in the same period last year, the company reports.

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Alrosa’s new president renews team of top managers

Recently appointed president of Alrosa Sergei Ivanov has undertaken a significant update of the team of company’s VIP-managers.

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ANALYSIS-Russian gold is growing bypassing the investors.

Russia's gold mining companies are announcing ambitious plans to increase metal production at a relatively low cost, but it is unlikely to make money on this plan for a broader range of investo

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Yegor Borisov: ALROSA can consolidate ALROSA-Nyurba JSC after buying out 10% of shares from Yakutia.

ALROSA may consolidate JSC ALROSA-Nyurba after the completion of the buyout deal with Yakutia for 10% of the shares.

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Head of Alrosa's single distribution organization leaves the company – sources.

Oleg Petrov, the head of the Single Distribution Organization (SDO) of ALROSA, the main sales unit of the diamond mining monopoly, was leaving the company, several sources familiar with the plans o

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ALROSA is reforming its own geological service.

The issue of reforming the geological service of ALROSA was raised several times. In 2016 a fundamental decision was made.

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Subsoil Use Department in Yakutia to hold 6 auctions for diamond placers

The Subsoil Use Department in the Republic of Sakha (Yakutia) has planned to hold 6 auctions for diamond placer sites on May 31, 2017.

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In March, Alrosa sold rough diamonds for $554.2 mln

In March 2017, the joint-stock company Alrosa), which is the largest diamond producer in the world, sold rough diamonds to the amount of $554.2 million.

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Alrosa to spend almost 6 bln rubles to protect environment

Alrosa Group, which specializes in diamond mining, will allocate 5.978 billion rubles to nature protection activities in Russia and abroad before the end of this year.

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