ALROSA, Oil and Gas
The Alrosa’s Board of Directors has unanimously decided to transfer the shares of its gas assets in Russia.
Alrosa on sales
Nowadays Russia prepares to privatize the shareholdings in several companies including Alrosa AK. Despite the plan to offer a large shareholding of 10.9% in the company to the market, the stocks’ rates will be under the pressure in the near time. The investors should not await their considerable growth in this year, the market analysts and experts think.
Interview with RFPI chief Kirill Dmitriyev
Alrosa, Bashneft, VTB and Sovcomflot are at the same stage of preparedness for privatization, said the Deputy Economic Development Minister Nikolai Podguzov.
Chinese National Petroleum Company (CNPC) plans to consider possibility of participation in the privatization of “Rosneft”. Chairman of the Board of Directors of CNPC Wang Yilin says.
“We have interest in the project….We will consider it in detail, when Rosneft develops a proposal, as the partnership with the company has a strategic character and is a significant element of cooperation between the countries, TASS reports, citing the representative of the company.
Sberbank and VTB may attract foreign partners for the privatization of Alrosa and Bashneft, the Deputy Prime Minister Arkady Dvorkovich told reporters.
Russian Ministry of Economic Development chooses investment banks for privatization of VTB, Bashneft and AlrosaEdited by Rhod Mackenzie / 2016-04-05 11:54:39
The Russian Ministry of Economic Development has selected only Russian investment banks to carry out transactions for the sale of state-owned shares in Bashneft and Alrosa, as well as in VTB Bank, the Ministry reports.
In mid-March, the Ministry of Economic Development began working on the selection of banks for the organization of the privatization transactions for the sale of shares of Bashneft, Alrosa and VTB. The Deputy Economic Development Minister Nikolai Podguzov said that more than 10 banks, including foreign ones, filed applications.
Shares of state-owned companies Bashneft, Alrosa and Rosneft can be sold the first under the privatization plan, the Minister of Economic Development of Russia Alexei Ulyukayev said.
"These are companies that are already in the privatization plan. These are public companies, which are in price on the market. Because of this, they are technically and legally prepared to the best and best-known for investors. We’ll start from them," - said Ulyukayev.
In 2016, the Ministry of Finance plans to earn 1 trillion rubles from privatization. On Monday, the sale of state assets was discussed at the meeting with Vladimir Putin. The RBC estimates what and at what price the state can offer to investors.
What they sell
In December 2015, against the background of the deteriorating economic situation and falling oil prices the Finance Ministry proposed to increase the budget revenues through privatization of state-owned packages in major Russian companies. At the big press conference in December President Vladimir Putin confirmed that the state could agree for the privatization of state-owned companies "not to burn the reserves". The Finance Minister Anton Siluanov evaluated the possible revenue from the privatization in 2016 at 1 trillion rubles. The amount was calculated based on the forecast of the average annual oil price at $40 per barrel and the budget deficit at 3% of GDP. In 2015, the budget revenues from the privatization amounted to only 5 billion rubles.
After 2020 Alrosa to start industrial extraction of diamonds at Pioneer Pipe in the Arkhangelsk regionEdited by Rhod Mackenzie / 2015-12-09 03:26:20
With the start of industrial diamonds extraction at the Pioneer Pipe, developed by Alrosa, the stake of the Arkhangelsk region in the diamonds extraction in Russia will reach 20%, the Governor of the region, I. Orlov said.
By the extraction rates we are at the stage of preparation of the project for the start of stripping the Pioneer Pipe of Alrosa. And then we will reach the planned 20% - in 2020-2021 taking into account the investment and start of industrial extraction, reaching the project capacity, I. Orlov said.
By the assessment of the specialists in the diamond extraction sector, 20% of diamonds in Russia will be extracted in the Arkhangelsk region. The region will be the largest diamond bearing province in Europe, the Governor said.
He also said that the new deposit will be developed by Alrosa. Besides Alrosa, Lukoil extracts diamonds in the region.
2 main players at this stage are traditionally Alrosa represented by Severalmaz and Arkhangelskgeoldobycha – by Lukoil. Both companies hold exploration aiming for growing an opportunity of extraction, I. Orlov said.