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Large Scale Projects in the Arctic: Socio-Economic Impacts of Mining in Greenland
University of Akureyri School of Humanities and Social Science, Faculty of Law Master‟s Program in Polar Law Large Scale Projects in the Arctic: Socio-economic impacts of mining in Greenland Monika Margrét Stefánsdóttir June 2014 University of Akureyri School of Humanities and Social Science, Faculty of Law Master‟s Program in Polar Law Large Scale Projects in the Arctic: Socio-economic impacts of mining in Greenland Monika Margrét Stefánsdóttir Master thesis submitted as part of studies for the M.A. – Degree in Polar Law. Akureyri June 2014 Master Thesis Monika Margrét Stefánsdóttir Ha070314 Large Scale Projects in the Arctic: Socio-economic impacts of mining in Greenland Joan Nymand Larsen: is hereby approved as part of studies towards the M.A. degree in Polar Law Studies Akureyri in June 2014 Master Degree Examination Committee Members _______________________________________ Joan Nymand Larsen _______________________________________ Hjalti Jóhannesson iii Abstract Changes in the Arctic environment in the last decades are highly relevant to understanding changes in the socio-economic development in the Arctic. The main focus of this thesis will be on those changes, with a certain concentration on the changes in relation to Greenland. The thesis starts out by providing an overview of the physical and historical background of Greenland, followed by an overview of the economy of Greenland and a discussion of the obstacles for economic development. With Self-Government, Greenland is looking for new sources of income. The importance of the mineral sector has grown as it begins to show its potential as this new source. Case studies of four different mines, in three different countries, along with large scale projects in four different countries will be analysed and compared. -
Diamond-Producing Countries and Their Importance for Antwerp
CONFIDENTIAL DIAMOND-PRODUCING COUNTRIES AND THEIR IMPORTANCE FOR ANTWERP VERSION 2018-2019 FOREWORD By any measure, 2019 was an extremely challenging year for the global diamond trade and the diamond industry in Antwerp was no exception to that rule. Following a stable year in 2018, the entire industry saw its turnover, profits and general level of trade decline significantly in 2019. Antwerp, as the world’s leading diamond trading hub, was caught in the middle of this industry-wide recession, the main short-term causes of which were the continuing high levels of rough diamond production and geopolitical instability, which impacted consumer confidence and caused demand for rough diamonds to fall. Nonetheless, signs of recovery were starting to appear toward the end of the year, with cautious optimism the prevailing outlook for 2020. No one, however, could have predicted what was coming in 2020, as the COVID-19 outbreak has brought the diamond trade – from mining to retail and everything in between – to a virtual standstill. While our focus in this document is on the years 2018-2019, it will be useful to examine what led to the 2019 downturn as well as the early impact of the global pandemic. This will be covered more extensively in the section below: “The International Trade in Rough Diamonds, 2018-2019”. While the Antwerp diamond trade was stable and balanced in 2018, the seeds of a downturn had already been sown. The Antwerp industry traded a total of $46 billion in 2018, the same as in 2017. It also maintained its position as the world’s leading trade center for rough diamonds. -
Alrosa Group of Companies Summary of The
ALROSA GROUP OF COMPANIES SUMMARY OF THE INDEPENDENT EXPERT REPORT ON THE RESERVES AND RESOURCES OF THE DIAMOND ASSETS Prepared By Micon International Co Limited Suite 10 Keswick Hall, Norwich, NR4 6TJ, United Kingdom 15th December 2018 Contents Page Table of Contents 1.0 SUMMARY ................................................................................................................... 1 1.1 INTRODUCTION ...................................................................................................... 1 1.2 ALROSA GROUP OVERVIEW................................................................................ 2 1.3 MINERAL RESOURCES AND RESERVES ........................................................... 6 1.3.1 Russian Reserve Statements ............................................................................... 6 1.3.2 JORC Code (2012) Mineral Resource and Ore Reserve Estimates .................... 6 1.4 OPERATIONS AND PROJECTS ............................................................................ 11 1.4.1 Udachny GOK .................................................................................................. 11 1.4.2 Aikhal GOK ...................................................................................................... 12 1.4.3 Mirny GOK ....................................................................................................... 13 1.4.4 Nyurba GOK ..................................................................................................... 15 1.4.5 Solur-Vostochnaya Placer Deposit -
TRIUMPH of COLOUR Fancy Colour Rough and Polished Diamonds Win the Market Editorial Note
IN-HOUSE PUBLICATION OF THE LARGEST DIAMOND MINING COMPANY SEPTEMBER 2018 CARATS ON THE What is the difference between customers’ profiles in China and the USA? 500ALROSA social responsibility projects Head of ALROSA SERGEY MATTER OF IVANOV: TECHNIQUE “We change New player in response to new in the diamond challenges” detection market TRIUMPH OF COLOUR Fancy colour rough and polished diamonds win the market Editorial note STEPAN PISAKHOV, A XX CENTURY WRITER AND ARTIST FROM THE ARKHANGELSK REGION, which is world-famous for coloured diamonds minable there, in his fairytale “Frozen songs” (Morozheny pesni) tells how semiprecious stones came out of songs. The local people pronounced words in the freezing cold; the words remained frozen till thawing weather, and when it got warmer they thawed and sang again. “We have fences shored with strong words, and old men and women lean on warmly said words.” And delightful laces shining like diamonds were resulted from songs of maidens and women. Houses were SMART HELPER FOR PICKING decorated with these diamond laces; and venturers brought the frozen diamond songs to other countries. NATURAL DIAMONDS JEWELRY This issue of the magazine is dedicated to the way in which PORTABLE DIAMOND DETECTOR the gems of unique hues appear by quaint plan of nature, INTELLIGENT AND USERFRIENDLY about special aspects and possibilities of fancy colour diamonds market, and ALROSA colour gems mining and faceting. We also tell about selling of the most valuable diamond of the Company, about new development in diamond origin detection, about the • polished natural diamonds; most outstanding social responsibility projects of ALROSA. -
ALROSA Sustainability Benchmark Report Contents
ALROSA sustainability benchmark report Contents Introduction 3 Benchmarking methodology 4 Peers selection 4 Benchmarking criteria and data selection 5 Benchmarking results 6 Share of women in the workforce 6 Employee turnover 7 Investments in local communities 9 Energy consumption intensity 10 Water consumption intensity 12 GHG emission intensity 13 Expenditures on the environment 14 Closing statement 15 Sources of information 16 Introduction The bulk of the world’s diamond mining industry is concentrated The section on benchmarking methodology describes the in nine countries, with a share of global production in physical principles of ALROSA’s peers and generally accepted criteria for terms as high as 99%. The world’s largest producers of natural benchmark selection. diamonds are Australia, Botswana, Canada, the Democratic The section on benchmarking results presents detailed Republic of Congo and Russia. information about each benchmarking criterion and several Russia ranks first in the world for diamond production. PAO conclusions. ALROSA (“ALROSA”) accounts for 97% of the total diamond The closing statements present the overall conclusions regarding production in Russia in physical terms and is the leading the benchmarking results. diamond-mining company in the world. ALROSA accounts for one third of the reserves and more than a quarter of the production The section on sources of information presents the main sources in the global rough diamond market. ALROSA pursues a single- of sustainability reporting data. product strategy that focuses on exploration and production as the most attractive and high-margin segment in the rough diamond industry. ALROSA’s core activities are concentrated in two Russian regions, the Republic of Sakha (Yakutia) and Arkhangelsk Region, as well as on the African continent. -
ALROSA Finance S.A. “ALROSA” Company Limited
ALROSA Finance S.A. (incorporated as a société anonyme with limited liability in Luxembourg) US$1,000,000,000 7.750 per cent. Notes due 2020 Unconditionally and irrevocably guaranteed by “ALROSA” Company Limited (incorporated in the Russian Federation) Issue Price 100 per cent. ALROSA Finance S.A. (the “Issuer”), a private company incorporated with limited liability under the laws of the Grand Duchy of Luxembourg (“Luxembourg”) and a subsidiary of ALROSA Finance B.V., a private company incorporated with limited liability under the laws of The Netherlands, wholly owned by “ALROSA” Company Limited (“ALROSA” or the “Guarantor”), a closed joint stock company organised under the laws of the Russian Federation (or “Russia”), with the alternate legal name AK “ALROSA” (ZAO), is issuing the US$1,000,000,000 7.750 per cent. Notes due 2020 (the “Notes”). The Notes will be general unsecured and unsubordinated obligations of the Issuer, and will rank senior to all present and future subordinated obligations and equal to all present and future unsecured obligations of the Issuer. The Notes will be constituted by a trust deed to be dated 3 November 2010 (the “Trust Deed”) made between the Issuer, ALROSA and BNY Corporate Trustee Services Limited (the “Trustee”). The Notes will be unconditionally and irrevocably guaranteed by ALROSA (the “Guarantee”). This Guarantee will be unsecured indebtedness of ALROSA and will rank senior to all present and future subordinated obligations and equal to all present and future unsecured obligations of ALROSA. Interest on the Notes will accrue from, and including, 3 November 2010 and will be payable in equal instalments semi-annually in arrear on 3 May and 3 November of each year, commencing on 3 May 2011, at the rate of 7.750 per cent. -
Buy Alrosa 10 August 2012 Coverage Change Emerging Europe Russian Federation Price at 9 Aug 2012 (RUB) 25.15 Metals & Mining Price Target (RUB) 40.00
Deutsche Bank Markets Research Rating Company Date Buy Alrosa 10 August 2012 Coverage Change Emerging Europe Russian Federation Price at 9 Aug 2012 (RUB) 25.15 Metals & Mining Price Target (RUB) 40.00 Reuters Bloomberg Exchange Ticker 52-week range (RUB) 76.44 - 22.40 ALRS.MM ALRS RX MSE ALRS A diamond in the rough; initiating Erik Danemar Research Analyst with a Buy (+7) 495 933 92 19 [email protected] Pureplay leverage to diamond market; initiating with a Buy We initiate coverage on Alrosa with a Buy recommendation and a George Buzhenitsa RUR40/share target price, offering almost 60% upside potential. We see Alrosa Research Analyst trading at 0.63x our DCF estimate or 4.4x and 5.5x our 2012F EV/EBITDA and (+7) 495 933-9221 P/E, implying a 17%/40%/35% discount to diversified miners/gold/diamond [email protected] companies. Alrosa boasted 47% EBITDA margin in 2011 with an improved financial position and paid a 28% dividend on its IFRS results. With an optimistic outlook on diamond prices, we believe Alrosa can deliver further Price/price relative improvements. While the stock may retain a meaningful liquidity discount until IPO plans are clarified, we believe there is upside for the patient investor. 90 75 Carat: the world’s biggest producer (by vol) with the world’s biggest reserves 60 With 34.5mnct or about 25% of global output in 2011, Alrosa is the world’s 45 largest diamond miner (by vol). Over 2011-21F, Alrosa plans to further expand 30 production by 18% to 40mctpa. -
VU Research Portal
VU Research Portal Origin and Evolution of Yakutian Diamonds Wiggers de Vries, D.F. 2013 document version Publisher's PDF, also known as Version of record Link to publication in VU Research Portal citation for published version (APA) Wiggers de Vries, D. F. (2013). Origin and Evolution of Yakutian Diamonds: constraints on sources and timing from a combined petrological and geochemical study of diamonds and their inclusions. Vrije Universiteit Amsterdam. General rights Copyright and moral rights for the publications made accessible in the public portal are retained by the authors and/or other copyright owners and it is a condition of accessing publications that users recognise and abide by the legal requirements associated with these rights. • Users may download and print one copy of any publication from the public portal for the purpose of private study or research. • You may not further distribute the material or use it for any profit-making activity or commercial gain • You may freely distribute the URL identifying the publication in the public portal ? Take down policy If you believe that this document breaches copyright please contact us providing details, and we will remove access to the work immediately and investigate your claim. E-mail address: [email protected] Download date: 29. Sep. 2021 1 Introduction CHAPTER 1 CHAPTER 1 1 1. Introduction 1.1 Rationale and objectives of the research 1.2 Outline of the thesis 1.3 Lithospheric/cratonic diamonds 1.3.1 Origin and occurrence worldwide 1.3.1.1 Archaean cratons 1.3.1.2 Transport in kimberlites 1.3.1.3 Xenocrystic origin 1.3.2 Pressure-Temperature regime 1.3.3 Paragenesis 1.3.4 Genetic origin of inclusions 1.3.5 Ages: Constraints on craton evolution 1.3.6 Carbon isotopes: Constraints on sources of carbon 1.3.7 Nitrogen content and aggregation 1.4 Geological setting of diamonds from the Siberian Craton 1.4.1 Siberian Craton 1.4.2 Anabar Province 1.4.3 Diamondiferous kimberlite pipes Figure on previous page: Statue near the Mir mine of geologist Larissa Popugayeva on expedition in Yakutia. -
Company's 2018 Annual Report, P. 90
ANNUAL REPORT 2018 ALROSA · Annual Report 2018 Report of ALROSA Public Joint Stock Company (PJSC ALROSA, ALROSA, the Company) for 2018 includes operating performance of the Company and its affiliates hereinafter referred to as ALROSA Group. PJSC ALROSA, ALROSA Group, Group, ALROSA, Company used herein are deemed equivalents and refer to ALROSA Group as a whole, PJSC ALROSA and / or its affiliates as the context may require. PJSC ALROSA is a parent company of ALROSA Group, and for the purpose of this report it submits consolidated information of the operations and financial activities of key business units and lines. The report is based on the operating data of the consolidated IFRS figures (unless otherwise is stated). In terms of disclosure, the report complies with: — Federal Law dated December 26, 1995 No. 208-FZ “About Joint Stock Companies”, — Federal Law dated April 22, 1996 No. 39-FZ "On Securities Market", — Regulations of the Bank of Russia “On the Disclosure of Information by Issuers of Securities” No. 454-P approved December 30, 2014, registered by the Ministry of Justice of the Russian Federation February 12, 2015, — Information letter of the Bank of Russia No. IN-06-52/8 dated February 17, 2016 “Of Joint Stock Companies Disclosing the Report of Complying with the Principles and Recommendations of the Corporate Governance Code in the Annual Report”, — Resolution of the Government of the Russian Federation No. 1214 dated December 31, 2010 “Of Improving Management of Joint Stock Companies with Federally-Owned Shares, and Federal Unitary Enterprises”, as it reads now. Report of PJSC ALROSA Public Joint Stock Company for 2018 Pre- Approved by ALROSA Supervisory Committee, Minutes № 01/294- ПР-НС dated 24 april 2019. -
Newell, J. 2004. the Russian Far East
Table 6.1 Protected areas in the Republic of Sakha Region and type and name Size (ha) Established Region and type and name Size (ha) Established Lena River basin Indigirka River basin Zapovedniks National nature park Delta Leny (Lena Delta) 1,433,000 1996 Momsky 2,175,600 1996 Olyokminsky 847,102 1984 Zakazniks National parks Saiylyk 700,000 1980 Momsky 2,175,600 1996 Verkhne-Indigirsky 700,000 1992 Sinyaya 1,467,517 1996 Khroma 523,000 1992 Ust-Viluisky 1,016,000 1997 Resource reserves Lenskie Stolby (Lena Pillars) 868,000 1995 Kytakyk 1,607,900 — Zakazniks Suntar-Khayata 631,000 1996 Ochuma 615,000 1982 Eselyakh 500,000 — Timirdikeen 520,000 1995 Sutoryokha 500,000 — Undyulyung 500,000 — Okhogino Lake 214,250 — Verkhne-Amginsky 500,000 1975 Tomporuk 285,600 1983 Kolyma River basin Khariyalakh 280,000 1969 Resource reserves Bolshoe Tokko 265,800 1983 Sededema 65,000 1995 Pilka 216,000 — Sylgy-Ytar 14,000 1984 SAKHA Dzhunkun 200,000 1987 Zhirkovo 11,000 1971 Ungra 200,000 1979 Troitskoe 5,100 1975 Tamma 177,200 1995 Dzherono 60,000 1969 Beloozyorsky 35,800 1974 Yana River basin Resource reserves Resource reserves Delta Leny (Lena Delta) 5,932,000 1996 Tuostakh 500,000 1997 WWF-Sakha (Charuoda) 1,372,000 1997 Omolon 332,500 1996 Belyanka 262,400 1997 Irianna 185,000 1974 Bes-Kyuel 108,000 1996 Kenkeme 93,632 1995 Alazeya River basin Prialdansky 46,000 1997 Resource reserve Kharbai 32,600 1996 Chaiguurgino 2,375,600 1982 Kele 30,000 1996 Anabar River basin Resource reserve Ternei-Tumus 1,112,000 1997 Note: Not all resource reserves are listed. -
Government of the Sakha Republic (Yakutia)
Government of the Sakha Republic (Yakutia) INVESTMENT GUIDE BOOK OF THE SAKHA REPUBLIC (YAKUTIA) Yakutsk 2011 1 «… Nowadays the solution of numerous long-term tasks depends on development of the Russian Far East. And these tasks are of crucial importance for our country». (Dmitry Medvedev, President of the Russian Federation) «…The Sakha Republic (Yakutia) is the largest constituent entity of the Russian Federation and one of its richest depositories of resources. Naturally, sustainable and dynamic development of Yakutia is of key importance for both the Far Eastern District and Russia on whole...» (Vladimir Putin, Chairman of the Russian Federation Government) «Our republic has everything to create a better life – abundant natural resources, long-term strategic action plans, sustainable social development, positive natural increase pattern, high educational level of the population, relatively young and economically proactive labor force …» (Yegor Borisov, President of the Sakha Republic (Yakutia)) 2 Yakutia in Figures Yakutia lies in the north-eastern part of Asia the Sakha Republic (Yakutia). stretching 2,000 km north-south and 2,500 km east-west. The highest executive official and head of the The area of 3,102 thousand square kilometers Sakha Republic (Yakutia) is President of the Sakha covers one fifth of the total area of Russia and is equal to Republic (Yakutia). 2/3 of Western Europe’s territory. The republic comprises 35 administrative Over 40% of Yakutia lies beyond the Arctic territorial units: 34 uluses (regions) and the city of Yakutsk. As of 1 January 2010, there are 445 municipal units, 2 urban districts and 409 urban and rural settlements. -
THE FINANCIAL REVOLUTION of the DE BEERS an Innovative Internal Structure for the Diamond Empire
Department of Economics and Business THE FINANCIAL REVOLUTION OF THE DE BEERS An innovative internal structure for the diamond empire Supervisor: Candidate: Prof. Jacopo Carmassi Ginevra Vettori ID 179151 Academic Year 2014-2015 Table of contents: Introduction p. 3 Chapter 1: A theoretical overview 1.1. Market Inefficiencies p. 5 1.2. The Power of Monopoly p. 7 1.2.1. The control of supply and demand: the price setter p. 8 1.3. The Oligopoly . p. 10 1.3.1. The division of the initial Power p. 11 1.4. The Stock Market . p. 12 1.4.1.The introduction of the Stock Exchange p. 12 1.4.2. The initial IPO in the primary market p. 13 1.4.3. The evolution of a Stock in the secondary market p. 15 1.4.4. The description and evaluation of a Stock p. 18 Chapter 2: The Diamond Industry and the De Beers 2.1. Diamonds world p. 23 2.1.1. The history of the Diamond Trade Market p. 24 2.1.2. The Diamond Trade Market: from mine to finger p. 25 2.1.3. Diamond Prices p. 28 2.2 The history of the single channel pipeline: De Beers p. 29 2.2.1. The development of its Power trough the CSO p. 32 2.2.2. The collapse of the single channel Market p. 34 2.3 The Modern Changing Market p. 36 2.3.1. From the single channel to the Multi channel distribution p. 36 2.3.2. Alrosa, Russian mines p. 38 2.3.3.