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In 2016, ALROSA transferred more than 62 billion rubles to Yakutia

  • Published in Economy
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In 2016, ALROSA produced 37.4 million carats of diamonds and sold more than 40 million carat of precious stones worth 4.4 billion dollars.

This was stated at the annual meeting of shareholders of the Company by the First Vice-President, Executive Director of the Company Igor Sobolev.

Igor Sobolev said that in 2016 ALROSA has started development of a new primary diamond deposit – Zarya. The implementation of the prospective investment project of the Verkhne-Munskoe kimberlite field, which received state infrastructure support, is being continued. Mir underground mine has reached the design capacity of 1 million tons of ore per year. According to the privatization plan, 10.9% of the federal stock of shares was sold on the Moscow Stock Exchange. In accordance with the established order, the representative of the Joint-Stock Company headed the World Diamond Council. In addition, last year a sales branch was opened in Vladivostok and the first auction was held at the Eurasian Diamond Center.

"ALROSA Group of Companies transferred 74% of the total amount of taxes paid, as well as dividends to the budgets of Yakutia and a number of municipalities in the region. Compared to 2015, these allocations increased by 29.2% to 62.6 billion rubles," Sobolev said.

The diamond monopoly's revenue for 2016 increased by 41.2% compared to 2015 and amounted to 317.1 billion rubles. EBITDA increased by 49% compared to the same period in 2015 to 176.4 billion rubles, EBITDA margin was 55.6%.

Following the vote, the shareholders accepted ALROSA's report for 2016, and approved the Company's annual accounting statements.