ALROSA – SUPERVISORY BOARD
Russian Prime Minister Vladimir Putin signed an order on nomination of eight candidates to the Supervisory Board of ALROSA, RIA Novosti reported.
At present Supervisory Board of ALROSA comprises 15 people, all of the specified candidates being already the members of present Supervisory Board elected at the Meeting of Shareholders on 20 June 2009.
Particularly, the list of candidates includes the President of ALROSA Fyodor Andreyev, Director of Administrative department of Finance Ministry Alexander Akhpolov, the member of Board of Directors of ZAO VTB Kapital Sergey Dubinin, Deputy prime minister Alexey Kudryn, the Head of Gokhran Vladimir Rybkin, First Deputy Chairman of Vneshekonombank Anatoly Tikhonov, Deputy CEO of the Russian corporation of nanotechnologies Yakov Urinson and the member of Supervisory Board of ZAO Nomos-Bank Ilya Yuzhanov.

DEBSWANA – JWANENG MINE – EXTENSION
An exercise underway to investigate the value of diamonds beneath the current Jwaneng mine pit, could add up to 20 years to the mine's lifespan, through the unlocking of hidden resources, Mmegi reported.
The Jwaneng Resource Extension Project (JREP) intends to probe the value of diamonds below the current limit of 400 metres and will be the largest resource evaluation programme ever undertaken, said the report.
The project encompasses and goes beyond the area being tapped into by the Cut 8 initiative, currently underway in Jwaneng, it said.
This week, Debswana officials said state of the art technology and equipment would be used for a drilling programme whose results will determine Jwaneng and the country's diamonds future. 
Debswana's Regional Geologist, Martin Roberts said the drilling exercise was already underway and was scheduled to be complete by 2012, involving core samples of about 45 kilometres.
He said the drilling programme would evaluate the resource locked beneath the present Jwaneng pit, assessing the value between 400 metres and 850 metres, Polished Prices reported.

DE BEERS – SALES
Diamond miner De Beers recently raised prices for its rough stock however its sales still remain at a lower level, Bullion.ru reports. According to preliminary estimate, De Beers’ sales in 2010 reached $1.1 billion which is more than the relevant sales in first two months of 2009 but still closest to the minimum since 1999. De Beers’ diamond output by volume is now evidently lower than two years ago.

JSC POLYMETAL – ALBAZINO MINE – LICENSE
JSC “Polymetal” through its subsidiary Albazino Resources LLC, won the auction for exploration and mining license on the Albazino East prospective area located in the Khabarovsk Territory, Regnum reported. The Albazino East license covers the area of 197 km2 and is located immediately adjacent to the 82 km2 license area covering Polymetal’s Albazino deposit with 2.9 Moz of JORC-compliant resources.
The auction took place in Khabarovsk on February 19, 2010, and Polymetal’s winning bid amounted to 1.5m rubles ($51,000). The license will expire 25 years after its issuance in 2010. The licensing agreement stipulates that Polymetal will have to undertake no less than 40,000 m3 trenching and 9,000 meters drilling during the five years after the license is issued.

Rough&Polished