The Canadian diamond mine Gacho Quay (Gahcho Kue), which is the world's largest open for the last 13 years of deposit, commercial production began, said De Beers.
It is expected that during the life cycle of the potential at the mine, which is a joint venture between De Beers (51%) and Mountain Province Diamonds companies (49%), will be produced about 54 million carats of rough diamond.
"This day is a significant milestone for De Beers in Canada since Gacho Quay becomes an important factor of global manufacturing groups", - said General Director of De Beers Bryus Cleaver (Bruce Cleaver).
Mine operates three kimberlite pipe, in which extraction is carried out openly. Accessible only by air to remote industrial zone is located approximately 280 kilometers northeast of Yellowknife, the administrative center of the Northwest Territories of Canada.
Gacho on the Quay on a regular basis will employ about 530 staff people.
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State share ALROSA can be reduced to 33.001%. This level is fixed by the decree of President Vladimir Putin on May 12, which amends the list of strategic enterprises and joint stock companies.
Now the Russian ALROSA owns 43.9%, that is, based on the established decree of restrictions in the privatization can be sold to no more than 10.9% of the shares.
Discussions about the size of the package diamond company, which will be offered for privatization, were in government for several months. Yakutia owns 25% plus one share of the company and the privatization of the package does not address. Another 8% of the shares owned by the Yakut ulus (municipal areas), they can not be alienated in accordance with the laws of the republic. The maximum size of the federal stake in ALROSA, which could be sold, while maintaining at the same time total control of Russia and Yakutia - 18.9%. It insisted on the latest version of the Ministry of Economic Development, but it did not support the Ministry of Finance.
In mid-April, Finance Minister Anton Siluanov, who heads the supervisory board of the company, said that the government intends to privatize 10.9%, the option with the sale of 18.9% is not discussed. However, at the end of the month, Minister of Economic Development Aleksey Ulyukaev told again that believes it is possible to place state-owned stake of 18.9% of ALROSA's shares through a public offer on the Moscow stock exchange.
The Economic Development Ministry's press-service of "Interfax" explained that the planned reduction of the state's stake in ALROSA to 33.001% does not exclude further sales of eight percent state-owned stake in the company.
"According to the forecast privatization plan, plans to reduce the share of the Russian Federation to 25 percent plus 1 share. Thus, during the first phase of privatization of the company planned to alienation of state-owned shares of 10.9 per cent. The next step possible changes to the president's decree on the reduction of the share of the Russian Federation to 25 percent plus 1 share, that is - the realization of the new round of privatization of eight percent of the shares of state-owned "- the ministry noted.
The organizer of the privatization of ALROSA's Ministry of Economic Development has chosen Sberbank CIB, this decision should be approved by the government.
IPO ALROSA held on the Moscow Stock Exchange in the autumn of 2013. Then Russia and Yakutia sold by 7%, a further 2% implemented structure most diamond mining company. The shares were placed at 35 rubles, the entire company is valued at 258 billion rubles.
In late March, ALROSA President Andrew Zharkov said that the best option would be the company's privatization was the sale of a wide range of investors.
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