OREANDA-NEWS. April 09, 2012. The Executive Committee of the Company met in Moscow chaired by ALROSA’s President Fyodor Andreev. The Executive Committee discussed and preapproved ALROSA’s annual report 2011, reported the press-centre of ALROSA.  

According to the results of the year, ALROSA remains the world leader in diamond production, its rough diamond production grew from 34.3 million carats in 2010 to 34.6 million carats in 2011. The Company turned to be the only rough diamond producer in the world to both boost production and increase profitability in the post-crisis period.

Following the results of 2011, ALROSA’s net profit reached RUB 29,519.0 million. The Company’s management believes ALROSA’s results in 2011 allow the Company to allocate for dividend payment 25.2% of the Company’s net profit (or RUB 7,438.6 million), which is equivalent of the payment of RUB 1.01 per share of RUB 0.5 par value.

Approval of the Company’s annual report and balance sheet, as well as distribution of ALROSA’s net profit according to the results of 2011, will be submitted for consideration to the Company’s Supervisory Board.

To implement innovation projects of ALROSA and NPP Bourevestnik efficiently, the Executive Committee approved the creation of the ALROSA Group Innovation Centre Bourevestnik as a resident of the Special Economic Zone Novoorlovskaya (Saint Petersburg). The center will work on creation of the new equipment models for mineral processing and study the structure and composition of matter.

The Execute Committee also examined and approved a number of regulatory documents relating to ALROSA’s production and social policy.

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In 2011 aggregate rough diamond production by ALROSA Group amounted to 34.6 million carats. Following the results of the year, ALROSA Group aggregate rough diamond sales totaled USD 4,454.8 million, which is a record-breaking amount throughout the Company’s history.