Members of the Executive Committee discussed the Company’s geological complex performance in 2012. ALROSA’s aggregate reserves increment in 2012 amounted to 35.8 million carats, firstly due to exploration of Ebelyakh and Gusiny placers. The Company started exploration of Dalnyaya pipe and continued operation of Verkhne-Munskoe, Mayskoe and Zarnitsa deposits. Diamond prospecting and valuation of the potential of explored areas were carried out on 25 facilities.
The Executive Committee also considered reforming of the ALROSA’s cutting and polishing complex, including its production facilities in Moscow (Brillianty ALROSA), and those in Barnaul and Oryol.
The key task of the ALROSA’s cutting and polishing complex is to obtain the information on the current polished diamond market situation and the way it affects the rough diamond market development.
A gradual transfer of polishing facilities for small and medium-size rough diamonds from Moscow to Oryol and Barnaul is suggested to optimize the cutting and polishing complex. Technical upgrade and advanced training for cutting staff programs will be worked out for Oryol-ALROSA and Barnaul Kristall Factory. Another suggestion is to consider the possibility of engaging a strategic investor in the operation of Barnaul Factory.
Brillianty ALROSA Branch will concentrate upon manufacturing of high-quality and fancy colored polished diamonds.