Friday, July 14, 2017

The Supervisory Board of joint stock company "ALROSA" (PJSC), the largest in the world in terms of diamond production, headed by the Minister of Finance of the Russian Federation Anton Siluanov.
June 30, 2016 General Meeting of Shareholders of JSC "ALROSA" (PAO) elected new members of the Supervisory Board of the Company. 5 August held a vote on the Chair of the Supervisory Board, First Deputy Chairman of the Supervisory Board and Deputy Chairman of the Supervisory Board.
According to the results of voting, the Chairman of the Supervisory Board of ALROSA elected Minister of Finance of the Russian Federation Anton Siluanov.
First Deputy Chairman of the Supervisory Board re-elected Head of the Republic of Sakha (Yakutia) Egor Borisov, Vice-Chairman of the Supervisory Board kept the Minister of the Russian Federation on the development of the Far East Alexander Galushka.
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Pearl Necklace said...

Chinese bank ICBC Standard Bank decided to increase its presence in the gold market and buy one of Europe's largest repositories of precious metals at Barclays, Bloomberg reported.
It is expected that after the signing of the agreement, which is expected to take place in July, ICBC Bank of China will be the only financial institution that will carry out operations in the London store of precious metals. London has traditionally been an important market of precious metals and has a large amount of storage.
Store that is going to get ICBC, holds 2,000 tons of gold, silver, platinum and palladium, so that Chinese banks will be easier to provide services for the storage of precious metals Western clients because of the close location to store it.
At ICBC joined the London settlement and clearing system for gold, silver, platinum and palladium, which is operated by the London Precious Metals Clearing Limited (LPMCL) last week.
China provides more than a quarter of global gold demand, but until recently, the gold trade was mainly concentrated in the hands of Western banks in cities such as London and New York.