Far East | Materials, extraction

ALROSA sets $9.5bn 3-year sales target

23 Apr '10
Yakutia-based diamond producer ALROSA has announced plans to sell 102.3 million carats of diamonds by the end of 2012.

The firm reportedly plans $9.5bn sales over the given period.

ALROSA has also unveiled $825m worth of plans for new underground pit construction.

By 2013 the company reportedly forecasts a net profit of $737m.

Last year, ALROSAs net profit came in at $78.3m following a net loss of $1+bn in 2008, the firm said.
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