The ALROSA Group’s strategy for 2018-2024 was approved by the ALROSA Supervisory Board on November 15, 2018.
The Strategy’s key points are:
- retaining the lead in the global diamond market
- focusing on the rough diamond business
- efficient management of the socially responsible business in order to implement long-term interests of the shareholders
By successfully following the strategy, ALROSA will be able to strengthen its leading position in the diamond market, as well as ensuring a sustainable long-term growth in mining, in profits, and an increase in share value.
In 2018, the ALROSA Group's Long-Term Investment Program until 2024 was adopted, designed to ensure sustainable development and growth in ALROSA's shareholder value. The program was developed in accordance with forecast plans for diamond production and mining plans aimed at maintaining the achieved level of diamond mining and production process for other types of activities.
The ALROSA Group's Key Investment Projects
2014 yearProduction start
5.6 pa, m ctTarget production
207.6 m ctResource base
Verkhnyaya Muna deposit
2018 yearProduction start
1.8 pa, m ctTarget production
40.4 m ctResource base
Mayskaya Pipe Quarry
2025 yearProduction start
1.2 pa, m ctTarget production
12.7 m ctResource base
Vodorazdelnye Galechniki deposit
2024 yearProduction start
0.4 pa, m ctTarget production
4.7 m ctResource base
Focus on core business
ALROSA’s development strategy dictates that we focus on our diamond business and dispose of non-core assets. Program to divest non-core assets started in 2013 includes assets in real estate, energy (gas) farming, insurance, etc. Since then, the number of non-core entities has decreased by 5 times. Proceeds from divestments since 2013 are over RUB 50 bn.