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Business & investments

Russia and Korea discuss cooperation in the Far East

russ koreMinister of the Russian Federation for Development of the Far East Aleksandr Galushka and Minister of Trade Negotiations of the Ministry of Trade, Industry and Energy of the Republic of Korea Kim Hyun-chong discussed cooperation in the Far East of Russia during the working meeting.

Diamond cluster for 83.8 million in Vladivostok

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The Eurasian Diamond Center (EDC) will create an infrastructure cluster that will unite diamond and polished diamond companies focused on export-import operations with the Asia-Pacific countries, first of all, China, India, Japan and South Korea, the press service of the Ministry for Development of Russian Far East reports.

Advanced Development Zone to open Diamond Cutting Complex

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‘Kangalassy’ Advanced Development Zone plans to open a diamond-cutting complex. SAYBM - A subsidiary of JSCB "Almazergienbank" builds production premises for collective use, in which it will install lapidary equipment, as told by General Director of the Management Company of ‘Kangalassy’ Dmitry Borisov.

"We need a big investor to build a bridge across the Lena River"

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"The project (the bridge across the Lena River) Is extremely important, especially given the fact that it is supported at the federal level by the Ministry of Transport of Russia. It is impossible to delay the implementation of the project. However, we must understand that only the budget will not be able to produce such a large project - we need an investor," Deputy Secretary of the Security Council of the Russian Federation SergeI Vakhrukov said on August 8 during a trip to the area of the proposed construction of a bridge over the Lena River.

What is the guarantee of improving the quality of life in Yakutia?


The guarantee of the stability of the economic situation in Yakutia and the general improvement in the quality of life of in Yakutia is the focus on developing their own production, said Aleksei Repik, President of the All Russia Public Organization Delovaya Rossiya (Business Russia), following a meeting with the head of the republic Egor Borisov on July 11 in Yakutsk, the press service of the head of the Republic of Sakha (Yakutia) and the government of the Republic of Sakha (Yakutia) reports.

60% of ALROSA’s investments are used for diamond mining development – Sergei Ivanov

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In 2016, ALROSA’s investments in underground mines and other core production facilities amounted to RUB 16.5 billion or 60% of the Company’s total capital investments. Over RUB 7 billion was allocated to technical upgrade and replacement of worn-out equipment, RUB 2.7 billion was invested in ancillary facilities. Such figures were announced summarizing the results of the Annual General Meeting of Shareholders.