OREANDA-NEWS. PJSC ALROSA, the world leader in diamond mining, will participate in the Second Eastern Economic Forum on September 2-3, 2016, as its official partner.

The Eastern Economic Forum is held annually in Vladivostok in accordance with the Decree of the President of the Russian Federation Vladimir Putin. The aim of the Forum is to promote the accelerated development of the economy of Eastern Russia and expand international cooperation in the Asia-Pacific region.

ALROSA delegation, headed by the President Andrey Zharkov, will participate in the events of the Forum and represent a number of the Company’s investment projects, including:

  • CJSC MMC Timir that owns four licenses for the development of iron ore deposits in the Republic of Sakha (Yakutia) with total iron ore resources of 3.5 billion tons for open-pit mining. The key shareholders of Timir are EVRAZ and ALROSA.
  • ALROSA’s gas assets that include Urengoy Gas Company LLC and CJSC Geotransgaz, which hold licenses for the exploration and development of gas and gas condensate fields in the Yamalo-Nenets Autonomous District.

ALROSA is planning to sign an agreement with the Ministry for the Development of the Russian Far East for its largest investment project – Diamond Mining Plant on Verkhne-Munskoe Ore Filed. The Company’s total project investments throughout the mine development period will amount to RUB 62,984.3 million, with the state support for the construction of the project infrastructure of RUB 8,525.8 million.