Working Meeting at the President of ALROSA

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On September 5, 2011, President of ALROSA Fyodor Andreev held a working meeting with the Company’s management. The agenda included issues relating to ALROSA’s marketing activities, as well as industrial safety at the Company’s facilities and its current financial situation.The ALROSA Group sold about USD 3.15 billion worth of rough and polished diamonds during eight months of this year. According to forecasts, the Company’s sales of rough and polished diamonds by the end of 2011 will reach approximately USD 5 billion. The Company has registered a certain price correction in some assortment categories, primarily due to a sharp reduction of speculative pressure on the market. However, the overall volume of demand is stable, which gives grounds to ALROSA to leave its sales outlook at the level of USD 5 billion.

The total credit portfolio of ALROSA amounts to USD 3.45 billion as of the eight-month period of the current year.

The meeting also addressed the issue of industrial safety, especially at the sites of underground mining, as well as the implementation of scheduled purchases of equipment and material resources.

This page was last updated on 05 September 2011 at 11.08