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N e w s
FEBRUARY 16
ALROSA Group to Invest $2.8 bn in Manufacturing Development Until 2005
According to Vice President of the company Semyon Zelberg ALROSA Group to invest $2.8 bn in manufacturing development until 2005. $2.2 bn are the money of ALROSA, while $600 mln are credited. Under the newly-signed agreement investment capacities of ALROSA are reduced 9 bn within future 5 years. However investment volume will be the same as ALROSA to enlarge borrowed current assets, Vedomosti reports.
Besides, ALROSA intends to launch a new diamond pipe - Komsomolskaya in 2002, to begin Salur diamond placer exploration in 2003 and Gornoye diamond placer in 2004.
Vedomosti
Source: Finmarket
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