The Supervisory Board of ALROSA will review the company's long-term development plan for 2012-2021 at a meeting scheduled for June 20. This is said in the Russian diamond miner’s press release received by Rough&Polished.
Besides, the agenda of the Supervisory Board meeting includes the following issues to be discussed:
- Changes in the composition of the company’s Executive Committee;
- Implementation of the Program for Innovation Development and Technological Modernization in 2011;
- Priority areas of corporate activities, including the allocation of funds to finance the Endowment Fund of the Skolkovo Institute of Science and Technology;
- Endorsement of the List of subsidiaries and affiliates of the company, for which the Supervisory Board adopts decisions on ALROSA’s position regarding their agendas for their general meetings of shareholders (participants) and meetings of their boards of directors;
- Guidelines for the program of non-core assets sale.
ALROSA is one of the world's largest diamond producers, which accounts for about 30% of the global diamond output. ALROSA Group produced 34.6 million carats of diamonds in 2011.
Its sales reached $4.45 billion driving ALROSA’s net income to RUB29.5 billion and the company’s revenue to RUB117.78 billion under RAS in 2011.
Tatiana Alexandrova, Rough&Polished, Moscow
