Vladimir Rybkin, Head of Gohran of the Russian Federation, answered the questions put by the correspondent of Rough&Polished.
Namibia’s leading diamond producer, Namdeb revealed recently that its output for 2009 was expected to be less than half that of last year. The company said it was also experiencing lower quality ore at its land operations and would not raise production until its brownfield expansion projects materialised. Rough & Polished’s African Bureau Editor Veronica Novoselova had an interview with Namibia’s Diamond Commissioner, Kennedy Hamutenya who spoke widely on the operations of Namdeb.
The Institute for Regional Economy of the North is currently the only scientific entity in Russia called to develop scientific grounds for economic policy, development of market economy, social and economic policy and rational accommodation of productive forces and branches of the national economy in the North taking the Republic of Sakha (Yakutia) as an example. Mikhail Nikolayev, Doctor of Economics and First Deputy Director of the Institute, in his interview to Rough&Polished told about the activities of this scientific body.Gokhran is planning to buyout rough diamond from AK ALROSA fro the total amount of 12 billion rubles in 2009, as a source from Gokhran told Interfax agency.
According to the source, the amount stipulated includes 3.69 billion rubles annually allocated for rough buyout in compliance with the Gokhran’s plan, which were spent for ALROSA’s rough at the beginning of 2009. Approximately 8.4 billion rubles including VAT were allocated for additional rough purchases – these consignments of rough were sold by ALROSA in June.
ALROSA intended to substantially increase rough sales to Gokhran in 2009, compared to 2008. At the end of 2008 ALROSA stated its plans to form rough reserves at Gokhran for total amount of $2 billion and company’s CEO Sergey Vybornov stated in March that they might sell up to 40-50% of aggregate diamond output to Gokhran.
Yakutian OJSC Nizhne-Lenskoye and Uralalmaz (Leviev’s Group) also applied to Gokhran for rough buyout in 2009, but their stock has not been bought yet. According to the source from Gokhran, the Fund has balance of money which may be allocated for purchase of stock from any other companies, besides ALROSA.
Gokhran’s overall plan for rough purchase in 2009 amounts to 14.46 billion rubles.
Besides 12 billion rubles allocated for rough buyout from ALROSA, Gokhran will buy polished diamonds from Russian largest diamond producer Smolensk Kristall for total amount of 1.96 billion rubles.
Interfax
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