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Russian President held a meeting with ALROSA Director General Sergei Ivanov

  • Published in Economy
Ivanov and Putin

On Tuesday, February 13, Russian President Vladimir Putin had a meeting with the CEO of ALROSA. Sergei Ivanov told about the results of work for 2017, about the Verkhne-Munskoye deposit, plans to develop diamond deposits in Angola, the situation associated with the Mir mine, demonstrated two unique diamonds mined last year, and invited the President to open the Verkhne-Munskoye field.

During the meeting, Sergei Ivanov told the head of state about the Company's performance in 2017. According to the CEO of ALROSA, the Company reached a record level of diamond mining last year. "Such volume was last fixed in 1990. We extracted almost 40 million carats of diamonds," Ivanov said.


The Company continues to be the largest taxpayer to the budget of the Republic of Sakha. Taxes at all levels amounted to over 66 billion rubles for the previous year. The Company also paid record dividends: about 22 billion rubles to the budget of the Republic, respectively, to the federal budget - also about 22 billion rubles. The Company continues to invest in social infrastructure facilities. Last year, investment in social facilities, according to Ivanov, amounted to more than nine billion rubles.

Answering the question about the Company's plans for the future, S.Ivanov announced the launch of the Verkhne-Munskoye deposit, scheduled for the fourth quarter of this year, as well as ALROSA's plans to develop one of the world's largest diamond deposits – the Luaxe Kimberlite, located in the Republic of Angola.

According to Ivanov, the Company pays great attention to the introduction of innovative technologies, cost reduction, as well as import substitution programs. "We are now using domestic oils, switching to domestic pumps and substituting part of American special equipment, Caterpillar trucks, with Belarusian BelAZ," Ivanov said.

The Director General of ALROSA informed Vladimir Putin about the reasons and the course of liquidation of the consequences of the accident at the Mir underground mine, which took place in August last year. Particular attention was paid to the issue of employment of mine workers.

"I would like to report that over 700 people have already been employed by the ALROSA Group, we have been doing this for four months. Several hundred people, who came to work from other regions, preferred to receive a substantial severance pay and returned to the regions from which they came to work. Now we are dealing with the issue of employment for about 50 people. Today in the Company's vacancy bank we have more than 350 vacancies, so we will solve the problem for sure," said Sergei Ivanov, adding that the industrial safety system in ALROSA is now being seriously restructured.

He noted that all families of dead miners are provided with insurance payments, compensation from the Company and payments from the budgets of the regions.

The Director General of ALROSA stressed that, despite the stoppage of the Mir mine, the Company remains the world leader in diamond mining leaving closest competitors far behind. "The accident will certainly affect the Company's production in the coming years, but we will retain leadership positions," Ivanov assured the President.


Sergey Ivanov also noted that the Company continues to create jobs. He said that about 700 jobs will be created at the new Verkhne-Munskoye deposit and invited Vladimir Putin to take part in the formal opening of the field in autumn. Today the ALROSA team has more than 36 thousand people. They have a fairly good average salary; it is three times higher than the average for the Russian Federation. They continue to index salaries in accordance with the collective agreement.

During the meeting, ALROSA CEO also showed Vladimir Putin two unique colored diamonds mined by ALROSA last year: a pink diamond weighing 27.85 carats and a yellow diamond weighing 34.17 carats. According to Ivanov, these are the most expensive diamonds produced in the history of Russian and Soviet diamond mining.