ALROSA

Infobox_Company
company_name = Alrosa
company_logo =| company_type = Closed Joint stock company (ru:Закрытое акционерное общество)
owner = Government of Russia (100%)
company_slogan = N/A
foundation = February 19, 1992
location = flagicon|RUS Mirny, Moscow
key_people = Alexey Kudrin, Chairman of the supervisory board, Sergey Vybornov, President
num_employees =
revenue =
industry = Mining
products = Diamonds
homepage = http://eng.alrosa.ru/profile/

ZAO ALROSA ( _ru. Закрытое акционерное общество АЛРОСА), is Russia's largest diamond company. Alrosa is engaged in the exploration, mining, manufacture and sale of diamonds. The company's operations are located primarily in the Sakha Republic/Yakutsk region. Alrosa accounts for approximately 25% of the world's rough diamond supply and 97% of Russia's rough diamond production.

The company's headquarters are in Mirny and Moscow.

History

The company was set up according to Presidential Decree №158C of the President of Russia "On the Establishment of the Almazy Rossii-Sakha Joint Stock Company" signed on 19 February 1992, as the legal successor to the following entities:

*NPO Yakutalmaz, a former USSR state-owned diamond mining company;
* The diamond sorting and marketing divisions of the State Committee for Precious Metals and Gemstones of the Ministry of Finance of the Russian Federation;
* Various divisions of the Almazjuvelirexport Foreign Trade Association.

On March 28 1998, Russian President Boris Yeltsin signed the Law On Precious Metals and Stones - a document of vital importance to Alrosa, according to the company's website. [http://eng.alrosa.ru/historic_highlights/]

On July 2007 Verkhne-Munskoye diamond field in Yakutia was discovered with estimated value of about $3.5 billion.

Operations

Alrosa is active in diamond mining in Angola and Namibia.

Alrosa is active in other mining activities including oil exploration; natural gas production; and gold mining in the Russian Federation and Kazakhstan through Celtic Resources Holdings of Dublin, Ireland.

Management

upervisory Board

The Supervisory Board of Alrosa carries out overall guidance of the Company and consists of 15 members, including seven representatives of governmental authorities of the Russian Federation, five representatives of the Republic of Sakha (Yakutia), two representatives of the Company’s employees, and one representative of the local districts (uluses) – co-founders of the Company.

As of 2006, the Supervisory Board of Alrosa consists of Alexei Kudrin (Russia's Finance Minister, Chairman of the Board), Yegor Borisov (Chairman of the Government of Sakha (Yakutia), Vice Chairman of the Board), Gennady Alekseev (First Deputy Chairman of the Government of Sakha (Yakutia)), Alexander Akhlopov, Ivan Demyanov (Vice-President of Alrosa), Galina Makarova (Minister of Property Relations of Sakha (Yakutia)), Ivan Materov (State Secretary, Russia's First Deputy Minister of Economic Development and Trade), Yuriy Medvedev (Russia's First Deputy Head of Rosimushchestvo), Gleb Nikitin (Head of the Commercial Sector Property Management Division under Rosimushchestvo), Aysen Nikolaev (Finance Minister of Sakha (Yakutia)), Alexander Nichiporuk (President of Alrosa), Anatoliy Popov (Head of the Mirny District Administration), Sergey Samoylov (Aide to Russia's President), Leonid Tolpezhnikov (Head of a department of Russia's Finance Ministry), Vyacheslav Shtyrov (President of the Republic of Sakha (Yakutia)). [http://eng.alrosa.ru/supervisory_board/]

Executive Board

As of 2006, the Executive Board of Alrosa consists of Alexander Nichiporuk (President), Vladimir Kalitin (Councellor of the President), Petr Glagolev (First Vice President, Executive Director), Mikhail Ganchenko (Chief Engineer), Ernst Berezkin (First Vice President), Pyotr Galaev (Vice President), Ivan Demyanov (Vice President), Yuri Dudenkov (Vice President), Yuri Ionov (Vice President), Olga Lyashenko (Chief Accountant), Alexander Morozkin (Vice President), Semyon Nazarov (Vice President), Dmitry Novikov (Vice President), Valentina Potrubeyko (Vice President) Sergey Uulin Vice President, Gustav Yakovlev (Vice President), Sergey Alyabyev (Director of the Nyrba mining combinate), Yuri Doinikov (Director of the Mirny mining combinate), Alexander Kozupeev (Director of the Anabar mining combinate), Yuri Petrov, Semyon Ponomaryov, Alexander chaadaev and two members with advisory vote: Anatoliy Popov (Head of the Mirny District Administration) and Pavel Tretyakov (Chairman of the Profalmaz Trade Union). [http://www.alrosa.ru/about/managment/top/]

Associated companies, organizations and facilities
*Almazexport "in Moscow"
*Anabar GOK "a mining and diamond processing plant"
*Botuobinskaya Kimberlite Pipe
*Brillianty Alrosa Diamond Manufacturing Company
*Catoca Diamond Processing Facility "in Angola"
*Catoca Diamond Deposit "in Angola"
*Diamond Center "in Moscow"
*Diamond Chamber, "an entity of the Russian Federation"
*Internationalnaya Underground Mine
*Internatzionalnaya Pipe - International Pipe
*Mirny Council of People's Deputies "government"
*Mirny Integrated Mining and Processing Plant
*Nyurba GOK, "a mining and concentrating plant"
*Nyurbinskaya Pipe
*Taiozhnaya Diamond Deposit
*Udachnaya pipe
*Udachny Integrated Mining and Processing Plant
*USSR Ministry of Non-ferrous Metallurgy
*Yubileinaya Pipe/Jublilee Pipe
*Yakutalmaz; Yakutalmaz Production and Research Association
*Yakutalmazstroy "construction and installation division"
*Yakutsk Diamond Production and Research Association

Competition

Alrosa's principal competitors include De Beers, BHP Billiton and Rio Tinto Group.

ee also

* Diamonds as an investment
*Kremlin Diamond Fond

External links

* [http://www.alrosa.ru/ Alrosa Main Site ru icon en icon]
* [http://eng.alrosa.ru/ Alrosa Company Ltd en icon]
* [http://www.celticresources.com/ Celtic Resources Holdings plc]
* [http://www.mbendi.co.za/orgs/cny9.htm MBendi's Alrosa information page, including details of activities and related companies]
* [http://www.israelidiamond.co.il/English/searchResultsGlobal.aspx?searchStr=alrosa&Deps=0&x=0&y=0 Alrosa news] in the Israeli diamond industry official portal