In an interview with the corporate newspaper "Herald ALROSA" Constantine Garanin the company's chief geologist, said that in 2016 the total volume of financing of exploration work on the ALROSA Group amounted to 6.373 billion rubles, and budget work eksplorazvedochnyh reach 1.526 billion rubles in 2016. In this case, the diamond reserves growth is planned in the amount of 50.4 million carats through exploration "Dawn" deposit appraisal activity "Aikhal" and "Verhnemunskoe".
According to Garanina, to enhance the impact of exploration necessary organizational changes. The structure must meet the stated objectives to be accomplished in a relatively short period of time, said the chief geologist, noting that for this purpose as part of exploration of the complex are three business units: geological and geophysical information center, scientific-analytical center and the center of geological exploration technologies. "The main advantages of such a structure - a better use of the knowledge of the employees, a high level of specialization and concentration of production", - he stressed Garanin. Currently, 2537 people work in the exploration ALROSA Group, including 1358 workers and 1179 managers, professionals and employees.
ALROSA accounts for about 95% of diamond production in Russia, carrying out operation and placer deposits in the Arkhangelsk and Yakut diamondiferous provinces and more than 28% of diamonds in the world. In 2015, the total inventory of ALROSA diamonds totaled 1.1055 billion carats, according to surveys conducted by the State Reserves Committee.
In development are 10 primary deposits represented kimberlite bodies, and 15 placer. In operation there are four underground mines, "Lucky", "Aikhal", "Peace" and "International".
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The Dubai Diamond Exchange (DDE), which is the platform of the Dubai Multi Commodities Center (DMCC), announced the launch of several Dubai Diamond Finance Seminars, which will be attended by More than 100 members of the diamond industry - from bankers to major diamond companies. The seminars are aimed at raising awareness about financing options for the diamond industry, as well as on how Dubai's trade infrastructure and financial institutions can help diamond trade.
"We believe that securitization, credit insurance and asset-backed trade financing are innovative ways to start a new phase in financing the diamond industry," he said. - said the chairman of the DDE Peter Meeus (Peter Meeus).
Among the members of the diamond industry who spoke at the seminar were Dilip Mehta, CEO of Rosy Blue, who spoke about the benefits of securitization programs for his company; Aditya Gandhi, director of Azure Diamonds, spoke about middle-class debt insurance; And Sanjeev Dutta, head of DMCC Tradeflow, who reported on the recently launched asset-backed financing program and how the program revolutionized the diamond lending market in Dubai.
Meeeus concluded: "The interactive format of the seminar allowed industry experts to discuss various issues and share knowledge, which will benefit not only Dubai, but also global diamond trade."
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