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ALROSA 2023 Corporate Forum

1 Jul 2023

Alrosa, the Russian diamond mining organization, reported on progress and projects during the year. Production plans are described as 'Fully Fulfilled.'

The 26th main corporate forum of ALROSA was held in Mirny, the diamond capital of Russia.

The event, which gathered 500 delegates from all over the country, was attended by the head of the Republic of Sakha (Yakutia) Aisen Nikolaev, the leadership of district and city administrations of the republic's uluses.

Opening the forum, Sergey Ivanov, Deputy Chairman of the Supervisory Board of ALROSA, noted that by the end of the year the company had fully fulfilled its production plans, and in some indicators, including production in carats, it managed to exceed them.

"During the year, we did not suspend work at any of our assets due to sanctions, did not reduce staff, did not put people out of work. We have strengthened our resource base, continued the development of existing and new fields, and are implementing investment projects that we started earlier. We have come close to launching the construction of a new mine at the Mir tube deposit. Separately, I will note the successes in the field of production transformation and in the introduction of digital solutions," Ivanov said. 

He also stressed that the company raised the wages of employees twice during the year, continued to create new jobs and fulfilled its social obligations to the republic, retaining the status of the largest taxpayer and employer of Yakutia – the flagship of its economy.

The head of Yakutia, First Deputy Chairman of the Supervisory Board of ALROSA Aisen Nikolaev thanked Sergey Ivanov for the effective management of the company for six years. "Thanks to the right strategy and effective decision–making during the crisis decline of the diamond markets, the company has preserved the main thing - the workforce, has preserved a unique production. At the most difficult time, in 2021, shareholders received a record amount of dividends. This made it possible to fully fulfill social obligations in an extremely difficult year," Nikolaev stressed.

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