On June 14, 2011, President of ALROSA Fedor Andreev held a working meeting with Company managers. Company sales activities, progress of social programs and current financial position were discussed.
Over the 5 months of 2011, the ALROSA Group sold rough and polished for over USD 1 billion 839 million. Its sales forecast for the second quarter is over USD 1 billion 247 million. At the current price level, the ALROSA Group plans to sell about USD 4 billon 700 million of rough and polished till the end of this year.
The Company plans to channel the revenues in excess of the plan to redeem its debts.
The meeting also considered programs for housing construction and providing mortgage loans to Company employees.