Profiles

The Joint Stock Company ALROSA (ALROSA) was established under Decree of the RF President «On Establishment of Joint stock Company Almazy Rossii — Sakha» dated 19th February 1992 No.158С.

ALROSA is the legal successor of:

  • the enterprises, organizations and other units of PNO Yakutalmaz (state-owned diamond mining company in the former USSR);
  • some of the units within the structure of the Committee for Precious Metals and Gems under the RSFSR Ministry of Finance (involved in sorting, preparation for shipment and shipment of rough diamonds);
  • V/O Almazyuvelirexport

that were incorporated into its structure.

Shareholders:

  • the Russian Federation represented by the Federal Agency for Management of State Property with 50.9256% of shares;
  • the Republic of Sakha (Yakutia) represented by the Ministry of Property Relations of the Republic of Sakha (Yakutia) with 32.0002% of shares;
  • Administrations of 8 municipal districts (uluses) of the Republic of Sakha (Yakutia) with 8.0003% of shares;
  • other legal entities and individuals with 9.0739% of shares.

Market Position:

  • ALROSA accounts for 25% in the global diamond production in terms of value (18% in 2002).
  • ALROSA is among the top ten of Russia’s most efficient enterprises.
  • ALROSA accounts for 94% of Russia’s overall diamond output.

Resource Base:

  • ALROSA probable reserves make up about one third of the world’s diamond resources.
  • About 95% of the ALROSA total diamond production (in terms of value) are gem and near-gem quality diamonds.
  • ALROSA has its own advanced exploration complex enabling it to maintain and expand its proven reserves.

Marketing & Sales:
The current average annual core product sales revenues (including those generated by the Company’s subsidiaries) amount to over USD 2.7 billion.

By now, ALROSA possesses the world’s largest diamond reserves. As of July 1 2013, they were 608 million carats by JORC. Under the expert estimation, the reserves share one third of the total globe’s. ALROSA’s common resources and reserves are 973 million carats.

As of January 1 2015, ALROSA’s reserves, proven by the State Reserves Committee were 1,158 million carats. In 2014 ALROSA’s geologists enlarged reserves by 25.6 million carats by С1+С2 due to exploration and additional exploration of the active and the new deposits. Prospected resources by Р1+Р3 are enlarged by 53.57 million carats by the end of 2014.

Production:
In 2011 ALROSA Group enterprises diamond production amounted to 34.6 million carats. Following the results of the year, ALROSA Group aggregate rough diamond sales totaled USD 4,454.8 million, which is a record-breaking amount throughout the Company's history. ALROSA’s cutting and polishing branch Brillianty ALROSA produces and sells some USD 140.0 million worth of polished diamonds on an annual basis. At its production facilities ALROSA employs the most advanced achievements of international science and state-of-the art technology and relies on its own unique technological experience of mining in the harsh climate of the Russian Far North. ALROSA has drawn up its development strategy for the period until 2018.

Reserves and Exploration

The main objective of the present stage, set by the company’s management for its exploration divisions, is the increment in diamond reserves through discovery of new deposits — primary kimberlite pipes and diamondiferous placers. The priority is to be given to the territory of Western Yakutia. Prospecting, exploration, research and related types of exploration operations are being carried out by subdivisions of the exploration complex of the company in the territories of the five constituent entities of the RF: the Republic of Sakha, Irkutsk Region, Arkhangelsk Region, the Republic of Karelia, and the Murmansk Region.

Today ALROSA carries out prospecting and exploration in dozens of sites in six diamondiferous areas of the Republic of Sakha (Yakutia):

  • Sredniaya Markha basin;
  • Muna-Tyung basin;
  • Daldyn-Alakit;
  • Malaya Botuobia basin;
  • Lena basin;
  • Anabar;
  • as well as in the Russian North-West and in the Republic of Angola.

The main volume of research that has been performed is related to diamonds. In addition, the regional geological and geophysical surveys, monitoring and environmental protection measures are carried out.

The geologists of Yakutskgelogiya, later merged with ALROSA, also discovered and explored on the territory of Yakutia: the unique Tomtor deposit of rare metals, Severo-Nelbinskoye and Machchobinskoye oil and gas deposits. Despite the high efficiency of the exploration that has already been carried out, the prospects for discovery of new diamond deposits in Western Yakutia still remain very promising.

Hope is pinned on the expansion of exploration efforts in the so-called «covered» areas, within which exploration targets are covered with a thick layer of overlying formations of various genesis.

For the last five years the company has annually allocated from 2.5 to 3.5 billion rubles for exploration. ALROSA is Russia’s largest company in terms of hard mineral exploration carried out.

Mining

ALROSA mines rough diamonds from the primary and placer deposits in Russia, mainly using the most efficient open-pit method. This will remain the predominant method in the future, although the proportion of underground mining operations, which commenced in 1999 with bringing into service the first underground diamond mine in Russia called the «International», will gradually increase, and by 2015 will account for almost 40% when the new underground mines of «Aikhal», «Mir» and «Udachy» are operating at full capacity.

Intensive open-pit mining of primary deposits of Yakutia, which are not only high-grade but also rich in reserves, provided an annual increase production.

In the early 1990s rough diamond production and sales reached USD 800 million, and over the last decade this has tripled.

The company’s open-pit mines in the Republic of Sakha (Yakutia) in their combined mining and geological characteristics and parameters are unique and have no parallels in the world. Great depths (up to 500–600 m), permafrost 300–500 m thick, the presence of the high-pressure underground brines (with salinity of up to 400 g per liter), bitumen and oil contaminations — all these are no hindrance to effective mining.

ALROSA's underground mines are equally complex and unique. For the construction of the three new mines («Mir», «Aikhal», «Udachny»), which is being actively pursued at present, more than USD 2.5 billion will be allocated and spent over 10 years, with the total capacity of the mines reaching 6 million tons of ore per annum.

In 2009, the start-up complex of the «Mir» underground mine was commissioned. Full operations of Phase 1, with a planned capacity of 500,000 tons, will start in 2011. Then in 2012, the mine will reach its design capacity of 1 million tons of ore per annum. The second start-up complex of the «Aikhal» underground mine with a panned capacity of 200,000 tons was put into operation in 2009. In 2012, it will reach its design capacity of 500,000 tons of ore per annum. The «Udachny» underground mine will be one of the largest in the world — its final production will reach 4 million tons of ore per annum. Construction of the mine began in 2004. In 2012, the first start-up complex was commissioned, and mining will start. In 2014 the production of 1.3 million tons of ore per annum is expected.

The total capacity of the ALROSA mining complex reaches 32 million tons of ore and gravels per annum. In 2010, for example, the companies of the ALROSA Group processed about 37 million cubic meters of broken rock mass. The experience acquired in Yakutia in the development of primary deposits allows ALROSA to actively explore new regions like the Lomonosov diamond deposit in the Arkhangelsk Region, and kimberlite pipes in Angola.

ALROSA offers its technological advantages and know-how to participate in diamond exploration and mining in Angola, the DRC, Sierra Leone, South Africa, Canada and other countries.

  •  
  • Ilya Yuzhanov - Chairman of the Supervisory Board of OJSC ALROSA
  • Victor Yefimov - First Vice Chairman of the Supervisory Board, OJSC ALROSA, General Director, OJSC Republican Investment Company
  • Sergey Barsukov - Director, Financial Policy Department, Ministry of Finance of the Russian Federation
  • Fyodor Andreev - President (CEO), OJSC ALROSA
  • Pavel Borodin - Vice President, OJSC VimpelCom (independent director)
  • Natalia Guryeva - Deputy Head, Municipal District Verkhnevilyuisky Ulus (District) of the Republic of Sakha (Yakutia) (independent director)
  • Ivan Demyanov - Vice President, OJSC ALROSA
  • Valery Dzyubenko - Deputy General Director, State Unitary Enterprise Committee for Precious Metals and Gem Stones of the Republic of Sakha (Yakutia) (independent director)
  • Sergey Dubinin - Chairman of the Supervisory Council, VTB Bank, Member of the Board of Directors, CJSC VTB Capital
  • Dmitry Zakharov - General Director, LLC RIC-Finance (independent director)
  • Sergey Mestnikov - Republic of Sakha (Yakutia) First Deputy Minister of Property and Land Relations
  • Denis Morozov - Representative of the Russian Federation in the Board of Directors of the European Bank for Reconstruction and Development, Executive Director for Russian Federation, Belarus and Tajikistan
  • Nina Osipova - Deputy Finance Minister of the Republic of Sakha (Yakutia)
  • Anatoly Tikhonov - Management Board Member, First Deputy Chairman, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)
  • Yakov Urinson - Deputy Chairman of the Executive Board, OJSC RUSNANO

Mirny

678170, Republic of Sakha (Yakutia), ul. Lenina, 6
Fax: +7 (411-36) 3-04-51, +7 (495) 745-80-61

Email: info@alrosa.ru

Moscow

119017, 1-st Kazachy per., 10/12

Phones: +7 (495) 620-92-50, +7 (495) 662-36-26

Fax: +7 (495) 411-75-15

Telex: 113258 "Almaz" RU

Email: info@alrosa.ru

Representative Offices in Russia

Representative Office in Moscow

119017, 1-st Kazachy per., 10/12 
Phones: +7 (4112) 620-92-50
Fax: +7 (495) 411-75-15
Telex: 113258 "Almaz" RU 
Email: info@alrosa.ru

Representative Office in Yakutsk

677018, Republic of Sakha (Yakutia), ul. Ammosova, 8 
Phones: +7 (4112) 42-18-15 
Fax: +7 (4112) 42-33-78 
Telex: +7 414199 "Almaz" RU 
Email: yakpredst@sakha.ru

Representative Office in the North-West Federal District of Russia

193 036, St. Petersburg, Nevsky Prospekt, 128 А
Phones: +7 (812) 717-59-65
Fax: +7 (812) 717-29-57 

Representative Office in Orel

302028, Orel Region, ul. Gorkogo, 24 
Phones: (4862) 43-71-13
Fax: +7 (4862) 43-71-13 
Email: ak-alrosa@orel.ru

Foreign-based Trading Subsidiaries and Affiliates

Arcos Belgium N.V. (Antwerp, Belgium)

Lange Herentalsestraat 62/70, 2018 Antwerpen, Belgium

Phones: (323) 227-0658
Fax: (323) 227-1870
Email: info@arcosbelgium.be

ALROSA-Africa Branch in Angola (Luanda, Republic of Angola)

ALROSA (OJSC), Alameda Principe Real 31/33, Bairro Miramar, Luanda, Republica de Angola

Phones: (244222) 44-39-00, (244222) 44-56-09
Fax: (244222) 44-39-00, (244222) 44-56-09
Email: AALuanda@alrosa.ru

Arcos Diamonds Israel Ltd (Ramat-Gan, Israel)

Diamond Exchange Maccabi Bldg. 2031, 1 Jabotinsky Str., Ramat-Gan, 52520
Phones: +972-3-6128680/1/2
Fax: +972-3-6128714
Email: alrosail@inter.net.il

Arcos Limited (London, UK)

2nd Floor, 86 Hatton Garden, London, EC1N8QQ
Phones: (020) 7831-3004
Fax: (020) 7242-3174
Email: sal@arcos.ltd.uk

Arcos Hong Kong Ltd (Hong Kong SAR, PRC)

Suite 6405, 64/F, Central Plaza, 18 Harbour Road, Wanchai
Phones: (852) 2521 9292
Fax: (852) 2521 9636
Email: info@arcos-hk.com

Arcos East DMCC (Dubai, UAE)

Jumeirah Lake Towers, Almas Tower, floor 47, office D, P.O. Box 340510
Phones: +9714 428 1312
Fax: +9714 428 1311
Email: info@arcoseastdmcc.com

Arcos USA, Inc. (New York, USA)

580 Fifth Avenue, NY 10036
Phones: 212 921 4300
Fax: 212 921 4646
Email: RUSSDIAMO@aol.com

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Dmitry Medvedev officially appoints Sergei Ivanov as president of Alrosa 03/09/2017 - 09:17
In four years ALROSA will start diamond mining at the pipe "Zarya" 03/06/2017 - 09:49
Alrosa has started explosions at Upper Muna deposit 03/07/2017 - 06:57
Alrosa’s Board approves transfer of the company’s gas assets into Russian jurisdiction 03/06/2017 - 12:12
Alrosa has preliminarily settled a $600 mln loan 03/02/2017 - 09:14
“ALROSA” finds diamond, 121.88 carat weight at Yubileinaya pipe 02/21/2017 - 10:30
Russian Government to sell 4% in Alrosa by 2019 02/17/2017 - 05:23
ALROSA receives positive findings of a state ecological appraisal of the Verchne-Munskoye deposit 02/16/2017 - 10:34
Net income of ALROSA under RAS is up 7 times in 2016 02/15/2017 - 08:49
Alrosa extracted a large raw diamond with the weight of 110.8 karats 02/07/2017 - 12:40
Russian Government approves plan of state assets privatization in 2017-2018 02/06/2017 - 07:42
Plan of Alrosa’s privatization presupposes the reduction of Russia’s stake to 29% plus 1 share 02/04/2017 - 01:43
ALROSA specialists create a new method of kimberlite search. 01/27/2017 - 10:50
ALROSA to put 9 deposits into operation by 2025 01/24/2017 - 12:17
Resources of Alrosa – 1.03 bln karats, reserves – 653 mln karats 01/12/2017 - 18:26
Fate of Sukhoi Log is determined 01/09/2017 - 07:23
Alrosa has reduced its debt burden to $2.3 bln by means of preliminary loan settlement for $370 mln 12/15/2016 - 04:04
In November, Alrosa sold raw diamonds for $245.6 mln, diamonds – for $9.6 mln 12/08/2016 - 07:18
Alrosa plans to increase diamonds mining by 5% in 2017 12/03/2016 - 00:28
Alrosa to pay generous dividends 12/01/2016 - 17:36