Alrosa diamond mining is not considering the issue of the participation in the bidding for Sukhoi Log gold deposit and is not addressed in this regard to the government, he told reporters Deputy Prime Minister and Presidential Envoy to the Far Eastern Federal District Yuri Trutnev, who oversees the company.
"Alrosa could not stand such questions to the government. If they come out with such a proposal, it will be discussed in the Board of Directors. Then we will form an opinion in the government and the board of directors. While this proposal was not discussed ", - he said.
Asked about his personal position on the participation of ALROSA in Sukhoi Log and diversification in the gold business, Trutnev said: "There are two very different ways (of companies - IF). There Monoprofile company and they have a number of advantages. (There is a way of diversification). There are, in my opinion, both of them. What is right - I do not know, do not do so in detail ALROSA ".
Sukhoi Log - one of the world's largest gold deposits. According to the State balance of mineral reserves, the Sukhoi Log contains forward gold reserves by categories B + C1 + C2 in the amount of 1,953 thousand tons, silver -.. 1,541 tons, off-balance reserves of gold - 799 tons. It has the potential to increase the resource base - projected gold resources P1 + P2 constitute 1,015 tons..
The Russian authorities have for many years discussing an auction for Sukhoi Log. In the past, the process has intensified.
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The decline in global demand for diamonds has affected economic growth in Botswana - in 2015 the export of diamonds from the country fell by 39% to $ 2.41 billion, according to preliminary estimates of the Bank of Botswana (Bank of Botswana), data which leads Rapaport.
"The continued slowdown in global economic growth, especially in the main markets of consumption of our diamonds, strongly influenced by the economic situation in Botswana" - said Botswana's Finance and Development Minister Kenneth Matambo (Kenneth Matambo) in its report on the budget for 2016 submitted by February 1 .
Matambo added that the weakness of the diamond industry in Botswana has forced the Bank to revise its estimate of economic growth in 2015, reducing it from 2.6% to 1%. For comparison, in 2014 the economic growth in Botswana amounted to 3.2%. Problems with water and electricity also affect the growth, but the main factor was the slowdown mining sector, where the decline was 14% due to lower diamond production, he said.
Matambo suggested that Botswana's budget deficit in the fiscal year ending 31 March, could rise to 3.8% of GDP, mainly due to lower diamond production and prices fall.
According to Kimberley Process (Kimberley Process, KP), Botswana ranks second in the world in diamond production. Earlier, the country has been the world leader in this area, but in 2014 it surpassed Russia.
At De Beers company last week reported that the volume of the diamond production of its divisions Debswana - a joint venture with the Botswana government - fell in calendar 2015 by 16% to 20.37 million carats. Debswana produces the lion's share of Botswana diamonds; about 85% of its products are sold by De Beers, and the remaining part - the state Okavango Diamond Company.
According to Rapaport estimates, the volume of diamond sales to De Beers in 2015 fell by 44% to $ 3.7 billion due to a sharp decline in demand in the second half of the year. The recession has forced to cancel the last two Okavango diamond sales in the year.
For these reasons, the export of diamonds from Botswana in the 4th quarter fell 88% year on year and amounted to $ 114.1 million - the lowest figure in 10 years, according to the Bank of Botswana.
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