ALROSA

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ALROSA

logo
legal form Corporation
ISIN RU0007252813
founding 1992
Seat Mirny , Russia
management Andrei Vyacheslavovich Sharkov (CEO)
Number of employees 40,000
sales $ 4.9 billion
Branch Mining
Website www.alrosa.ru
Status: 2016

Udachnaya open-cast diamond mine

ALROSA ( Russian АЛРОСА , full name АК «АЛРОСА» (ОАО) ) is a Russian group of companies and one of the most important diamond producers in the world. Their activities include exploration of deposits, mining, processing and sales of rough diamonds . The main business is located in the Sakha Republic (Yakutia) , Arkhangelsk Oblast and Africa . ALROSA has a share of 97% in the Russian and 27% of the world diamond mining. The prognostic reserves comprise approximately one third of the world diamond resources. The explored reserves are sufficient for the next 18–20 years with a production at the 2013 level.

Ownership structure

Route in the diamond mine Internazionalny in Mirny

At the beginning of 2014, approximately 44% were among the company's share of the state asset management Rosimuschtschestwo , 25% of the Republic of Sakha (Yakutia), 8% were in possession of the Yakut Rajons (called Yakut "Ulus"), and 23% were from private individuals and investment funds held . The share capital is divided into 7,364,965,630 shares.

Initial public offering (IPO)

On 28 October 2013, the company was on the stock market places and sold 16% of shares (7% each of the shares represented the Russian Federation and the government of Yakutia, a further 2% were added as quasi-Treasury bonds). More than 60% of the placement was bought by investors from the United States, 24% from Europe (including 20% ​​from Great Britain), and 14% of the equity investors from Russia. The investment companies Oppenheimer Funds and Lazard each acquired 2% . In the course of the listing, ALROSA raised 41.3 billion rubles. The company is listed in the RTS index (as of 2014).

activities

Miners in the Internazionalny mine
Mining and processing plant Nakyn near Njurba , Sacha

As of June 2013, ALROSA's diamond reserves according to the JORC Code were 971.7 million carats, including 664.8 certain and 308.2 million carats, which is 97% of Russia's diamond reserves . The production capacities of ALROSA are now concentrated in the west of the Sakha Republic (Yakutia) and in the Arkhangelsk region. Total ALROSA builds deposits 22 from which 9 primary (on Kimberlite - chimneys ) and 13 ( soaps ). The primary deposits are open pit and underground mining. Four mining and processing combines are in operation on the territory of the Sakha Republic: in Mirny , Aichal , Udachny and Nyurba . ALROSA also has a 32.8% stake in the Catoca mine in Angola , the largest African diamond mine outside of South Africa and the fourth largest in the world.

distribution

Rough diamonds in the sorting center in Mirny

ALROSA's sales companies are located in all major diamond centers in the world - in the United States, Belgium, the United Arab Emirates, China (Hong Kong), Great Britain and Israel. In 2012, ALROSA signed a long-term contract with the Belgian company Lurelton Diamonds, which buys diamonds for the American jewelry company Tiffany & Co. Under the terms of the three-year trade agreement, Tiffany & Co can buy rough diamonds for around $ 60 million in the first stage.

In May 2013, ALROSA and the auction house Sotheby’s signed a cooperation agreement, under the terms of which large diamonds of the premium class and jewelry with cut diamonds, which are manufactured by the branch of Brillanty ALROSA , are sold. The cut diamonds on display for sale are certified by the Gemological Institute of America .

Business figures

In 2012, ALROSA mined 34.4 million carats of diamonds, valued at $ 4,610.7 million. According to the annual business figures, the sales of rough diamonds of the ALROSA Group amounted to 4,450.1 million US dollars, the sales of cut diamonds amounted to 160.6 million US dollars. Annual sales were $ 4.0 billion.

Web links

Individual evidence

  1. ^ [1] , Rough and Polished , March 10, 2013.
  2. ↑ [2] , legalweek.com , October 11, 2013.
  3. ^ "Ranking Of The World's Diamond Mines By Estimated 2013 Production" , Kitco , August 20, 2013.
  4. ↑ "Alrosa Still Needs Buffing" , The Wall Street Journal , October 28, 2013.
  5. ^ "The Global Diamond Report 2013" , Bain & Company , August 27, 2013.
  6. ↑ "AWDC and Alrosa reinforce ties in new Cooperation", the Antwerp World Diamond Center , December 1, 2013  ( no longer available page , search in web archives )  Info: The link is automatically marked as defective. Please check the link according to the instructions and then remove this notice. .@1@ 2Template: Dead Link / www.awdc.be  
  7. ↑ Alrosa IPO Nets $ 1; ln. In: themoscowtimes.com. October 29, 2013, accessed May 23, 2015 .
  8. ↑ Russian firms raise billions In: Russian Business Insight of November 23, 2013.
  9. ↑ Russia fetches $ 1.3bn in Alrosa's shares sale on Mining.com , November 23, 2013.
  10. ^ "Russian diamond miner Alrosa raises $ 1.3 billion in share sale" , Bloomberg October 28, 2013.
  11. ^ "ALROSA Announces Pricing of Its Offering at RUB35 Per Ordinary Share" , Bloomberg , October 28, 2013.
  12. ^ "Russia's ALROSA confirms diamond reserves, resources under JORC" , November 21, 2011.
  13. ↑ ALROSA Signs Supply Deal with Tiffany In: Rapaport. from November 28, 2012.
  14. ^ Alrosa to Sell Rough Diamonds to Tiffany. In: themoscowtimes.com. October 29, 2012, accessed May 23, 2015 .
  15. ↑ ALROSA has signed contract with Tiffany & Co November 30, 2012.
  16. ↑ "Diamonds by ALROSA" , Sotheby’s , September 24, 2013.
  17. ↑ "Alrosa diamond production hits 34.4 million carats in 2012" ( Memento from October 6, 2014 in the Internet Archive ), April 24, 2012. Archived on January 14, 2014.
  18. ↑ ALROSA Targets Production of 36M Carats in 2014 In: Rapaport. dated December 17, 2013.
  19. ↑ "Alrosa to Raise Production to 36 million Carats in 2013 and 2014" , December 18, 2013.
  20. ↑ "ALROSA: INDUSTRY LEADER BY 2018" , June 20, 2013.