Russian diamond mining giant Alrosa may plan to diversify into resources beyond diamonds in response to “the new geopolitical environment,” IDEX Online reports.
When speaking recently with the Interfax news agency, Pavel Marinychev, Alrosa’s newly appointed CEO, admitted that rough diamond sales were under pressure, and that the company is seeking new channels: “There are promising sectors in which the company is already engaged. For example, the energy component of our company is developing fairly actively and dynamically,” he said.
Meanwhile, according to another report by IDEX Online, Alrosa said it does expect to pay shareholders a dividend for the first half of 2023 “as long as the diamond market remains stable.” The last time Alrosa paid dividends was at the end of 2021.
Aisen Nikolaev, head of Yakutia and First Deputy Chairman of Alrosa’s supervisory board, told Interfax: “We agreed with the country’s government: if we do not see a deterioration in the economic situation on the diamond market in the first half of the year, then we will return to the issue of paying dividends.”
