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33

Russian Giant Alrosa Keeps Its Secrets

Russian diamond producing giant Alrosa will not reveal the data of its mining reserves despite long-awaited state

Russian diamond producing giant Alrosa will not reveal the data of its mining reserves despite long-awaited state permission to reveal the figures.

Alrosa, which produces a quarter of the world?s rough diamonds, received a government note last month, officially allowing to reveal the amount of non-extracted diamonds for 50 years of mining.

Alrosa President?s aide Andrei Gusenkov said that despite the Finance Ministry gave a legal possibility to publish data, ?it?s not an obligation.?

?At the moment Alrosa has no plans to publish information on reserves as well as production and sales in carats,? he added.