Russian diamond monopolist “ALROSA” has finished its credit portfolio restructuring. It has announced clearing off its banks debts and paying roubles bonds for the total sum $491,48 mln. For this purpose the company has used the money it gained in May after eurobonds placement.

JSC “ALROSA” mines more than 98% of Russian diamonds and its share in the world diamonds mining volume is 25%. In 2002 it gained $1,557 bln, and the net profit of the company amounted to $206 mln. The shareholders of JSC “ALROSA” are the Ministry of property of Russia (37% ), the Government of Yakutia (32% ), the regions of Yakutia (8%) and the work collective of the company (23%).

According to the last year results, JSC “ALROSA” has reduced its diamonds mining volume by 17%. The main reason for it was the exhausted conditions of Yakut largest diamonds open deposits.