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Diamonds Giant Wants Energy Giant's Fame

Russia's diamond giant ALROSA to extend business by adding coal, oil and gas projects

Russia?s diamond giant ALROSA (Yakutia) to extend business by adding coal, oil and gas projects, Russia?s Finance Minister Alexey Kudrin said.

Yakutia?s authorities supported the idea, having offered to make ALROSA a transnational mining company .

ALROSA is one of the world diamond leaders with around 23 percent share in global diamond production. The annual turnover stands at $2 billion. Russian government holds 37 percent, Yakutia?s authorities own 32 percent, ALROSA's personnel ? 23 percent, Yakutia?s regions ? 8 percent.

Last month ALROSA is in talks with the domestic gas giant Gazprom about implementing joint projects in Yakutia. The results of the talks are still unknown.