Enter your e-mail address below
to reset your password.
Please activate your registration
by clicking the link in the activation email
or click submit to resend the activation email.
Please check your spam folder too...
Check your mailbox to activate your registration.
Please check your spam folder too.
Russia’s government has gained a controlling stake in the country’s largest diamond producer Alrosa through the purchase of Alrosa’s newly issued shares, the diamond firm said on Wednesday.
The Russian government’s stake has been increased to 50% plus one share in the diamond producer while the Republic of Sakha (Yakutia) where Alrosa’s diamonds are mined and eight of the republic’s districts (uluses) have retained 32% and 8% of the company’s shares respectively, the statement said. Alrosa, which accounts for 97% of Russian and 25% of global diamond output, produced diamonds worth $2.37 billion in 2007. (rian.ru)