OREANDA-NEWS. September 29, 2011. The Board took note of the information "On the progress of the Innovation Development Program of OJSC ALROSA for the period 2011–2018" and approved the "Innovation Development and Technological Modernization Program of OJSC ALROSA for the period 2011–2018", reported the press-centre of ALROSA.

The Board Members heard the report on purchases of products, works (services) for the first quarter 2011 and instructed the Executive Committee of the Company to proceed with increasing the share of purchases through open tenders and electronic trading platforms.

The Supervisory Board endorsed the report on the results of issue of 7,364,965,630 ordinary registered non-documentary shares of the Company of RUB 0.5 par value (share placing — conversion at share splitting, the issue was registered by the Federal Financial Markets Service of Russia on August 25, 2011, the state registration number 1-03-40046-N).

The Supervisory Board approved the decision to invite a strategic investor in the project of development of iron ore deposits in South Yakutia (OJSC "GMK "Timir").