Kerimov Urges Sale of Alrosa
Bloomberg reported Suleiman Kerimov urged the government to offer 51 percent of diamond miner OAO Alrosa under its asset sale program.
Articles Tagged "alrosa"
Alrosa Produces 550,000 Carats at Catoca Diamond Mine
Bloomberg reported OAO Alrosa’s Catoca diamond mine in Angola produced about 550,000 carats a month in the first quarter.
Russian Oil Company to Invest $1 Billion in Diamond Mine
Bloomberg reported Russia's OAO Lukoil (LSE:LKOH) plans to invest $1 billion in a diamond mine challenging OAO Alrosa's monopoly.
Sex Change in the Diamond Business; Alrosa Now Wears the Pants
Business Insider reported Jonathan Oppenheimer was obliged to accept a discount buyout from Anglo American (LSE:AAL).
S&P Affirms Diamond Miner Alrosa at ‘BB-/B’
Reuters Africa reported Alrosa (RTC:ALNU,MCX:ALRS) demonstrated notably improved financial results and credit metrics in 2011.
Anreyev Fails in Alrosa Bid
Business Insider reported Alrosa (MCX:ALRS,RTC:ALNU) has suffered a setback in selling up to 20% of shares.
Indian Bid for Alrosa Shares Spurned
Business Insider reported there is no negotiation under way and no agreement between Alrosa (RTC:ALNU) and MMTC (BOM:513377).
MMTC to Buy Stake in Russian Conglomerate Alrosa
Mineweb reported India's MMTC (BOM:5133770) is eyeing a stake in Russia's Alrosa (RTC:ALNU).
Russia May Cut Stake in Diamond Miner Alrosa to 50%
Bloomberg reports that Russia’s Finance Ministry may cut it's share in OAO Alrosa (RTC:ALNU) to 50 percent in three years.
Diamond Miners Ramp Up Production
Helped by increased demand in 2010 for luxury goods after a abysmal year in 2009. The increased revenues from rising diamond prices and demand, many companies are increasing production. Alrosa mulls over an IPO by the end of 2011 worth upwards of $2 billion.
