AK ALROSA, the world’s largest rough diamond producer, retains interest in disposal of its gas assets and mulls to proceed with the corresponding transaction in 2013, according to a statement by the company’s CFO Igor Kulichik, dated 4 October, cited by Kommersant newspaper.
“At present time we are holding negotiations with four potential buyers. Meanwhile the final terms of transaction have not yet been defined. There are some opportunities involving accomplishment of the deal till the end of the current year, but it is more likely to take place in 2013,” Kulichik said having confirmed the company’s intent to exit the non-core gas business.
ALROSA’s CFO recalled that the program of development of the gas assets implies the total capital investment worth about 12.5 billion rubles, Prime news agency reported.
“Meanwhile the program is quite flexible and it allows expansion or reduction of investment subject to terms of project implementation required,” – he added.
Kulichik said that ALROSA does not carry out substantial investment to its gas assets at present time.
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