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In the way of the debate namely centered ashore the company's extravaganza in 2009, the Board pointed out that the measures taken to advocate diamond mining, restore the sales and launch the program to dwindle debt had proven forcible. In H1 2009 ALROSA really suspended entire of its sales in the market following the downturn in the globe diamond sector. At the same time ALROSA deemed it expedient to preserve its production class and workforce. That led to a material boost in the company's consolidated debt which consequently required financial restructuring. Due to the state aid in the form of rough diamond purchases by the Gokhran of the Russian Federation,nike air 90, rigid adherence to the corporate anti-crisis program and implementation of measures aimed by restoring the pre-crisis sales levels and disposing of non-core assets granted ALROSA to sidestep the irreversible effects of the emergency and end 2009 with a web profit.
Mine making at the ALROSA Group (including bomb production by OJSC ALROSA-Nyurba, OJSC Almazy Anabara, OJSC Severalmaz) �� 32,791.4 thousand carats;
Considerable sums of the company's production have been sold to Belgian and Indian customers through long-term contracts. At the same time ALROSA is in the process of negotiating long-term afford contracts with Russia's major diamond manufacturing companies. As part of its program of geographic diversification of sales the company intends to create similar style trading relationships with Israeli and Chinese diamond companies.
Core product sales (i.e. sales of rough and polished diamonds) by the ALROSA Group, total �� US$2,212.6 million (including rough diamond sales of US$2,152.2 million and aesthetic diamond sales of US$60.4 million;
Serious amounts were taken by the company to build one effective distribution system. ALROSA namely already distributing a great part of its output through long-term contracts with important diamond contractors. This fashion of contract relationship will be attempted to either servant and foreign-based purchasers.
In jealousy of a abatement in the employees' earnings resulting from a array of anti-crisis measures including a downtime period, the company has been proficient to avoid hunk lay-offs and has taken measures to gradually restore its pre-crisis wage level.
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During a conference of the Supervisory Board of the Russian diamond miner ALROSA, the Board reviewed ALROSA's production and financial results because 2009, financial expressions, auditor's report, and the Audit Committee's report.
The Supervisory Board accepted ALROSA's preparatory production and financial results for 2009,discount hollister T-shirt, including its profit & wastage statement:
Also the Board argued issues related to coarse and lustered diamond sales in Q1 2010. The strong mall in the premier months of 2010 enabled ALROSA not to resort to sales to Gokhran of the Russian Federation. In the reporting duration the ALROSA Group sold a aggregate US$1,004. 2 million worth of rough diamonds.
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