Who owns ALROSA diamonds?

Its public float is 34%, with 33% owned by the Russian Federation. The Company’s market capitalization was RUB 553 billion in 2017 (US$9.6 billion). On 13 March 2017, Sergey Ivanov was elected as the president of ALROSA.

When was Aikhal discovered?

In 1961, they began developing the Aikhal pipe – located almost at the Arctic Circle – where living and working conditions were even more severe than in Mirny. During this period, major mines were opened in Western Yakutia.

What is the largest diamond mining company in the world?

The De Beers Group
De Beers is the world’s largest diamond company. The De Beers Group controls companies in the diamond mining, diamond processing and diamond trading sectors; and is active in all avenues of diamond mining – open-pit mining, underground mining, alluvial mining and offshore mining.

Who owns Aikhal?

Aikhal – Russia ALROSA Group is a Russian partially state-owned diamond mining company. It accounts for a third of global rough diamond production. Aikhal started as an open pit from 1961 to 1997 and is from 2005 an underground mine with a depth of up to 200 meters and they are still going deeper.

Who is the CEO of Alrosa?

Sergey Vladimirovich Barsukov

Are there diamond mines in Siberia?

Yakutia in northeastern Siberia is home to huge diamond deposits where the precious stones are mined in massive pits which have been dug deep into the permafrost. The Mir mine in Mirny is 525 meters deep and one of the biggest man-made holes in the world.

Are there diamonds in Rwanda?

According to sources in the diamond industry, both Rwanda and Uganda have recently become exporters of diamonds, a natural resource that neither country possesses.

What is the biggest diamond ever found?

Cullinan Diamond
At present, the largest diamond ever recorded is the 3,106-carat Cullinan Diamond, found in South Africa in 1905. The Cullinan was subsequently cut into smaller stones, some of which form part of British royal family’s crown jewels.

Which country produces the most diamonds 2020?

Russia and the Botswana hold the world’s largest diamond reserves, totaling 650 million carats and 310 million carats, respectively, as of 2020. Based on production volume, Russia and Australia are the world’s largest producers.

What is the richest gold mine in the world?

Located in South Africa, the Witwatersrand Basin represents the richest gold field ever discovered. It is estimated the 40% of all of the gold ever mined has come out of the Basin. In 1970, South Africa’s output accounted for 79% of the world’s gold production.

Where does Alrosa own 99.6% of PJSC Severalmaz?

PJSC Severalmaz, in which ALROSA owns 99.6% of shares, is engaged in the development of Lomonosovskoye deposit in the Arkhangelsk Region. It is one of the Company’s key development projects. Severalmaz develops Lomonosov primary deposit that consists of 6 kimberlite pipes with the total diamond resources over 115 million carats.

What was the second quarter profit of ALROSA?

Russian state-controlled diamond producer Alrosa said on Friday that its second-quarter net profit fell by 98% year on year to 300 million roubles ($4 million) as the novel coronavirus outbreak hit demand for precious stones.

Why is Alrosa not paying a dividend?

The global diamond supply chain has been convulsed by the pandemic, prompting Alrosa and its peers to carry on with critically low sales for months. The world’s largest producer of rough diamonds said its free cash flow turned negative in the second-quarter, leaving its shareholders without a dividend payment for the first half of 2020.