Meeting of ALROSA Executive Committee

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On December 13, 2011 ALROSA’s Executive Committee held its meeting and considered ALROSA’s consolidated budget for 2012.

The Executive Committee approved the following planned figures of the Company’s consolidated budget for 2012.

As compared to 2011, rough diamond production by ALROSA Group will grow 152,300 carats, up to 34.6 million carats. It is planned to sell rough and polished diamonds for some USD 5,074 million.

ALROSA’s production program for the next year is increased in terms of the major parameters. In particular, volume of construction and assembly works under the turnkey contract of the Capital Construction Division will raise 32.0% and come up to RUB 7,398 million, volume of geological prospecting and onsite exploration works will raise 31.7% and come up to RUB 5,358.3 million.

In 2012, the Company’s ore production volume in underground mines will grow almost twice, in particular it is planned to bring the Aikhal underground mine to full capacity.

Net profit by ALROSA is planned over RUB 34,120 million, with the 16.9% growth as against the level of 2011.

The planned capital investment by ALROSA is RUB 21,823.8 million.

The Executive Committee submitted ALROSA’s consolidated budget 2012 for approval to the Supervisory Board.

The Executive Committee also considered ALROSA’s gas projects development and prospects of reforming the Mirny Aviation Division.

This page was last updated on 13 December 2011 at 10.54