"ALROSA may decide to consolidate assets in order to optimize the Company due to this enhanced, and we support it in this.." ALROSA-Nyurba "can be simply eliminated," - he said. "B" ALROSA-Nyurba "a few dozen people working on today, no production do not lead, no one carat diamonds are not mined Paper, office and license -. That's all they have," - said E.Borisov.
Yakutia is considering the sale of 10% shares of "ALROSA-Nyurba". Alrosa in the case of the purchase of 10% of "ALROSA-Nyurba" in Yakutia will bring its stake to 97.47% of the shares, and, according to the law on joint stock companies, direct minority "ALROSA-Nyurba" mandatory offer to buy out their shares.
E.Borisov said that Yakutia expects to sell its stake in "ALROSA-Nyurba" no later than this fall. "Closer to the annual meeting, by the autumn, when the stock can rise in price by the company's performance for the year, we plan to implement them," - he said.
The head of Yakutia said that the sale of shares in "ALROSA-Nyurba" "from the point of view of economics and finance is beneficial for the country." "We need to understand that stocks losing value, you can even lose this enterprise risks in relation to." ALROSA-Nyurba "very large", - he said.
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Firestone Diamonds reported that the construction company owned by 75% of the diamond project Likhobong (Liqhobong) in Lesotho on 31 December, was completed by 61%.
The company told investors in a new report on the project, that the cost of it correspond to the updated budget of the company and up to 2.1 billion rand ($ 127 million), which remains within the original project financing $ 185.4 million.
The company noted that the construction and structural phases the project has now been launched, and contractors carry out all the necessary work on the site.
"I am pleased to report that during the last quarter has been significant progress on the project Likhobong, and the beginning of 2016 also proved to be excellent for us, - said CEO Stuart Brown (Stuart Brown) -. Therefore, the project continues to grow steadily, and I my team is looking forward to 2016 and start trial production in the fourth quarter. "
The Firestone also noted that the company was able to take advantage of cheaper South African rand, which from the beginning of work on the project has fallen against the dollar by about 58% in June 2014.
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