Reuters reported that Russia's Alrosa (MCX:ALNU) is planning a share sale for October or November of this year that could place the value of the business at up to $15 billion and raise "hundreds of millions of roubles" for local and national government owners.
Articles Tagged "russia"
Reuters reported that Russia is pushing ahead with the sale of its 14% stake in diamond miner Alrosa to raise $1B.
Forbes reported it is unlikely Russia's recent announcement of a large diamond field will meet projections in terms of production and value.
The Street reported Russian scientists are claiming that a gigantic deposit of industrial diamonds found in a huge Siberian meteorite crater during Soviet times could revolutionize the industry.
Bloomberg reported OAO Alrosa (MCX:ALNU) will bid for OAO Nizhne-Lenskoye to gain access to alluvial gem deposits.
Bloomberg reported Russia plans to sale Alrosa and other assets to triple revenue this year in an attempt to strengthen the nation's economy.
Bloomberg reported OAO Alrosa said profit more than doubled last year after average prices for diamonds surged by 60 percent.
Bloomberg reported Suleiman Kerimov urged the government to offer 51 percent of diamond miner OAO Alrosa under its asset sale program.
Bloomberg reported Russia's OAO Lukoil (LSE:LKOH) plans to invest $1 billion in a diamond mine challenging OAO Alrosa's monopoly.
IBTimes reported the diamond market is expected to reach $5.74 billion in 2015.