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All change at diamond giant Alrosa as top post goes to Sergei Ivanov Jr

By The Siberian Times reporter
28 February 2017

Current president of Sakha-based company leaves after 'difficult' relationship with senior officials in Moscow.

Sergei Ivanov Jr brings a wealth of business and banking experience, and is currently senior vice president of Sberbank. Picture: SOGAZ

The new president will be Sergei Ivanov Jr, son of Sergei Ivanov, the former chief of the Russian presidential administration and deputy prime minister who also served as defence minister. 

The new head of the diamond giant brings a wealth of business and banking experience, and is currently senior vice president of Sberbank. After graduating from prestigious Moscow State Institute of International Relations, he worked for Gazprom and Gazprombank. 

From 2011 to 2016, he headed the board of directors of OJSC SOGAZ.

Andrey Zharkov

There is speculation that differences arose between Andrey Zharkov and senior officials. Picture: ALROSA

He replaces Andrey Zharkov as president of Russia's top diamond producer Alrosa, in a change announced by deputy premier and presidential envoy to the Russian Far East, Yuri Trutnev.

There is speculation that differences arose between Trutnev ally Zharkov and senior officials over the sale by the Federal Property Management Agency of the controlling stake in OJSC 'Diamond World', until recently the Russian only custom diamond processing point, and other issues.

Sergey Ivanov

Sergei Ivanov, the former chief of the Russian presidential administration and deputy prime minister who also served as defence minister. Picture: FedPress

Alrosa is a group of Russian diamond producers. It mines diamonds in the Sakha (Yakutia) region of Siberia, the Arkhangelsk region and in Africa.

In 2016, Alrosa's production amounted to 37.2 million carats. Diamond sales totaled 40.1 million carats. The company forecasts production of 39.2 million carats this year.

The largest shareholders of Alrosa are the Russian Federation with 33.02%, the Republic of Sakha (Yakutia) 25%, local districts in Yakutia 8%, with 34% on the open market.

The company forecasts production of 39.2 million carats this year. Pictures: ALROSA

Udachny


Diamonds

Comments (1)

With the development of the Artic route, the Popigai diamond´s mine becomes profitable, same way as the Tomtor REM (rare earth minerals) deposit, being enough the construction of a railway or road to the Northern coast,

he cheapest way is using the old YENISEI river as a waterway. So, the road or railway just has to reach the Northern coast to the sea, and there, the Diamond cargo can be transported by ship to the delta of the Yenisei river and to Krasnoyarsk.

The waterway is the cheapest transport way as it is already built.
Enrique, Spain
28/02/2017 19:28
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