Industry News by Nemesis

Russia’s Finance Minister Reelected ALROSA Chair

August 11, 2016

 

Russia’s finance minister Anton Siluanov (pictured) was reelected chairman of ALROSA at the mining company’s annual general meeting on August 5.

Yegor Borisov, head of the Republic of Sakha, also known as Yakutia, will continue as first vice chairman, while Alexander Galushka, minister for the development of Russia’s Far East, will remain vice-chairman. The three officials were first elected in July 2015.

Russia’s federal government owns 33 percent of ALROSA, with the Republic of Sakha holding 25 percent. Local municipalities in Yakutia own 8 percent while the remaining shares are held by other legal entities and individuals.

 

Source: Rapaport

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