Wednesday, June 7, 2017

obtaining the documents relating to transactions with non-core assets

Deputy Finance Minister Alexei Moiseev aware of the conduct of investigative actions in the Moscow office of ALROSA.
"On the fact I know that it is. But such things should confirm ALROSA », - he told reporters, when asked TASS whether investigative measures are carried out in ALROSA.
Earlier, a source told Tass that the FSB work in ALROSA office. According to him, they are engaged in obtaining the documents relating to transactions with non-core assets in 2011-2013.
Official comments on ALROSA and investigative bodies have not yet been reported.
ALROSA - the largest diamond producer in the world. In 2016, the volume of ALROSA's production amounted to 37.2 million carats, sales - 40.1 million carats. Rough diamond sales in value terms in the last year amounted to $ 4.375 billion.
The company's shareholders are the Russian Federation represented by the Federal Property Management Agency (33.02%), the Republic of Sakha (Yakutia) - 25% and nomad camp (district) of Yakutia - 8%. The free float is currently almost 34% of the shares.
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1 comment:

Pearl Necklace said...


De Beers shareholders will meet on November 26 to discuss the price of diamonds, the Minister of Minerals, Energy and Water Resources of Botswana Onkokame Kitts Mokaila (Onkokame Kitso Mokaila).
In his speech at a conference in Gaborone, the Minister noted that "diamond prices are down and you need to take some more effective measures in the long term. The shareholders should consider the problem together." Anglo American PLC company owns 85% stake in De Beers, and the Botswana government - the remaining 15%.
Conference, during which they discussed the role of the Botswana diamond industry in the socio-economic development of the country since the announcement of its independence, was organized by the British think tank Chatham House (the Royal Institute of International Affairs). Conference will supervise De Beers and the Ministry of Mines, Energy and Water Resources of Botswana, according to the mining company.
Mokaila said: "We will be glad to cooperate in this conference Our management of the diamond sector in Botswana has created a huge opportunity for the country's diamond production has led to significant growth of the national economy, we can not wait to share the experience and continue the conversation about the future development of the sector...."
CEO of De Beers Philippe Mellier (Philippe Mellier) said: "The society of the world, more and more requires a fair increase in the value of their natural resources Our partnership with Botswana is one of the most durable and successful among similar types of cooperation between the state and private companies in the. the world, and provides significant benefits to the country. However, this does not mean that we should stop there. on the contrary, we expect to gain new knowledge and plan to use them for dolgosr full-time prosperity not only in Botswana but also in other resource-rich countries around the world. "