Over the past six months the company Severalmaz, member of the Group ALROSA, processed nearly 2 million tons of ore and produced more than 900 thousand. Carats. Operating in the same region Archangelskgeoldobycha subsidiary LUKOIL processed over 2.2 million tonnes of ore, having more than 1.7 million carats. It is reported by the Government of the Arkhangelsk region, noting that in the first six months of the tax revenues from natural diamond mining in the region's budget exceeded 1.04 billion rubles.
Payers are the JSC "Archangelskgeoldobycha", they develop deposits. V. Grib in Mezen district and PJSC «Severalmaz", they develop deposits. M. V. Lomonosova in the Primorsky region. A few days ago, both companies have overcome a certain threshold: each of them since the development of the deposits mined 100 million cubic meters of rock mass.
Governor of Arkhangelsk region Igor Orlov in his Address to the Regional Assembly of Deputies stressed that thanks to the development of major projects for the development of diamond deposits in the mining sector in the region shows a steady growth. Volumes "diamond taxes" in the treasury of the region for the first half of the year and a half times higher than last year.
Minister of Natural Resources and Forestry Complex of Arkhangelsk Region Konstantin Doronin noted that tax revenues from the diamond industry are not only regional, but also to the local budgets.
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Subject of funding, which is crucial for diamond manufacturers and traders widely discussed May 18 - During the second day of the 37th World Diamond Congress in Dubai, as noted in a press release WFDB (World Federation of Diamond Bourses, WFDB).
The morning session began with a speech by Geert van Reisen (Geert Van Reisen) from ABN Amro Bank, a leading funder of the global diamond industry. Risen stressed that the diamond business need to improve working capital, reduce cycle time, pay more attention to the collection of receivables, better manage inventory and monitor compliance with the terms of payment. He added that the industry in Antwerp and India would benefit if it had more banks involved in the financing of the diamond business. He also suggested the use of alternative financial institutions such as pension funds, insurance companies, as well as other international banks. In addition, according to Reisen, the industry must change its production model, to reduce payment terms for rough diamonds; amend the Diamond Manufacturers credit conditions and lower inventories.
Govard Devis (Howard Davies), head of business development at the company De Beers spoke of "portability" of diamonds; speed cross-border transactions; existence of a large number of family businesses involved in the diamond business; The number of bankruptcies due to bad debts, taking place in recent years; as well as other similar problems. "Banks are willing to finance high-quality assets. All transactions must be real with real clients and real invoices. Sustainable development, multiplied by the transparency, equal financial attractiveness ", - he added.
President of the Panama Diamond Exchange Mahesh Khemlani (Mahesh Khemlani) spoke about his country's efforts to develop transparency through appropriate legislative measures aimed at combating money laundering. Noting that most of the companies mentioned in the "Panamanian documents" are not Panamanian, he said: "Tax evasion is a global problem, not just a problem in Panama. Panama wants to be involved in solving the problem of global tax evasion, and we are working with the OECD, in order to fight it. Panama - not a place for "parking" cash for the purpose of tax evasion "- Mahesh Khemlani said.
David Buffard (David Bouffard), Vice-President of Corporate Affairs of the company Signet Jewelers, said: "We want to know where diamonds come and who touches them on the way." Adding that his company aims to work with responsible suppliers, he said, that Signet tracks 99 percent of the supply of gold coming to her and said that to understand where are the diamonds and diamonds, is also possible.
During the congress, a panel discussion raised above those involving Bufarda, Davis, Khemlani, Reisen and Feriela Zeruki (Feriel Zerouki), head of department on work with the authorities and liaison with industry to De Beers, who spoke about the efforts to achieve transparency operation of all facilities of the miners during the last ten years, as well as the principles of best practice in production, which ultimately aim to increase consumer confidence. For its part, Bufard noted that the responsibility for the selection of suppliers is "mandatory necessity, not something that is just it would be good to have."
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