"ALROSA" is in talks to increase the share of direct sales of rough diamonds with customers from Southeast Asia, he told reporters Deputy Prime Minister and Presidential Envoy to the Far Eastern Federal District Yuri Trutnev.
According to him, during a recent trip to Hong Kong this opportunity to discuss with customers ALROSA President Andrew Zharkov. "He asked if they are interested to buy is not a curve through Europe, and directly. The more direct relationship, the greater the transparency, the better, "- said Deputy Prime Minister.
Now ALROSA sells in China for about 5% of production. Long-term client of the Russian diamond miner is the largest jewelery retailer Chow Tai Fook, in the spot commodity trading Alrosa gets Luk Fook.
"We produce diamonds in Yakutia land sell them through Antwerp, and then they go to the countries of Southeast Asia. Such a strange knight's move. It is clear that, when the chain is so long, and when prices are determined by the mediator, always in doubt, as far as transparency and the proper system. So now we start working on the creation of an electronic platform. She will give indicators sale prices directly "
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Firestone Diamonds has agreed to extend the deadline for compliance with all the conditions for the sale of its operations in Botswana company Tango Mining.
In a statement, Firestone says that all points of the conditional sale agreement and amendments thereto with the changed conditions must be met no later than 29 July 2016.
"Under the agreement, the updated date of the final deal could be extended for a number of reasons to August 29, 2016", - noted in Firestone.
By increasing the term of the final sale Tango Mining able to complete the procedure for obtaining the loan amount to $ 30 million in Vanderbilt Commercial Lending. The company will spend these funds for diamond project in Botswana and the resumption of mining operations in the BK11 mine.
In July last year, Firestone has entered into a conditional agreement for the sale of its operations in Botswana company Tango Mining for $ 8 million.
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