RUSSIA : ARMENIA & ALROSA INK DIAMOND DEAL
Fibre2fashion.com, India
Aug 7 2007
On 6th August, 2007 the delegation of ALROSA headed by its President
Sergey Vybornov made a working trip to Armenia. The delegation had
meetings with the Republic of Armenia’s President Robert Kocharian
and Prime Minister Serge Sargsian.
Sergey Vybornov and Armenia’s Minister of Trade and Economic
Development Nerses Yeritsyan signed an agreement between ALROSA and
the Armenian Government on cooperation in the fields of diamond and
jewellery manufacture.
The agreement provides in particular for bilateral exchanges
of information and coordinated moves aimed at strengthening the
competitive edge of Russian and Armenian diamond manufacturers in
the global market.
It was also stated that ALROSA represented by its subsidiary OJSC
Investment Group ALROSA already has some positive experience of
operations in Armenia. At present Investment Group ALROSA is in the
process of preparation for the development of the Azatek gold and
complex ore deposit.
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