A n n u a L r e p o r t o f a L r o s a
Download 1.06 Mb.Pdf ko'rish
- Bu sahifa navigatsiya:
- Supervisory Council Co-Chairmen of Supervisory Council: Alexey Leonidovich KUDRIN
- Vyacheslav Anataloyevich SHTYROV
- Alexandr Vasilyevich ANOSHKIN
- Ivan Sergeyevich MATEROV
- Varvara Andreyevna PETROVA
- Leonid Fedorovich TOLPEZHNIKOV
- Alexandr Pavlovich MOROZKIN
- Ivan Kirillovich DEMYANOV
- Sergey Aramovich OULIN
- Valery Nikolayevich LEONENKO
- Auditing Committee: Galina Innokentyevna DANCHIKOVA
- Anna Ivanovna YEZHOVA
- Structure of ALROSA Group
- ОБЩЕЕ СОБРАНИЕ АКЦИОНЕРОВ НАБЛЮДАТЕЛЬНЫЙ СОВЕТ ПРАВЛЕНИЕ
- УПРАВЛЕНИЕ КОМПАНИИ
- ДОЧЕРНИЕ И ЗАВИСИМЫЕ ОБЩЕСТВА 7 President’s statement
- The most important events of 2002 were
- Main Results of ALROSA Plan Fulfilment in 2002
- ALROSA Goals for 2003
2 0 0 2 A N N U A L R E P O R T O F A L R O S A
TABLE OF CONTENTS:
Members of Supervisory Council
Members of the Board
Members of Auditing Committee
Structure of ALROSA Group
Activities of Supervisory Council
Report by the Board on the Company’s Activities in the Main Fields of Operations
Marketing Policy. Sales of Rough Diamonds. Polished Diamond Manufacture and Sales
Supplies and Logistics
Research and Development
Diversification of the Company’s Activities. Subsidiaries and Affiliated Companies
Accounting and Financial Results
Consolidated Financial Statement of ALROSA Co. Ltd.
Basic Performance Indicators of ALROSA Co. Ltd.
Information for Shareholders
Historic Highlights of ALROSA
Addresses of ALROSA Offices
Co-Chairmen of Supervisory Council:
Alexey Leonidovich KUDRIN
Deputy Chairman of RF Government, Minister of
Finance of the Russian Federation, Chairman of
President of Republic of Sakha (Yakutia), First
Deputy Chairman of ALROSA Supervisory Council
Chairman of ALROSA Supervisory Council
Members of Supervisory Council:
Gennady Fedorovich ALEXEYEV
Minister of Property Relations of Republic of Sakha
Assistant of Head of RF President’s Administration
Ernst Borisovich BEREZKIN
Minister of Finance of Republic of Sakha (Yakutia)
Yegor Afanasyevich BORISOV
First Deputy Chairman of Government of Republic of
First Deputy Minister of Economic Development and
Trade of the Russian Federation
First Deputy Minister for Property Relations of the
First Vice President, Executive Director of ALROSA
Alexandr Anatolyevich OGLY
Minister of Industry of Republic of Sakha (Yakutia)
Varvara Andreyevna PETROVA
Head of Administration of Nyurba Ulus, Republic of
Head of Department of Property of Fuel and Energy
Complex, Ministry of Property Relations of Russia
Head of Department of Precious Metals and Gem
Stones, RF Ministry of Finance
Board of Directors:
Vladimir Tikhonovich KALITIN
ALROSA President, Chairman of the Board
Alexandr Safronovich MATVEYEV
First Vice President, Chief Managing Director
Alexandr Pavlovich MOROZKIN
First Vice President, Executive Managing Director
German Serapionovich KUZNETSOV
First Vice President
Gennady Anatolyevich MELNIK
Fedor Borisovich ANDREYEV
First Vice President
Vassily Mikhailovich VLASOV
Ivan Kirillovich DEMYANOV
Yuri Alexandrovich DUDENKOV
Semyon Ilyich ZELBERG
Olga Alexeyevna LYASHENKO
Dmitry Konstantinovich NOVIKOV
Victor Yegorovich SOFRONOV
Sergey Aramovich OULIN
Gustav Afanasievich YAKOVLEV
Petr Andreyevich GALAYEV
Sergey Georgiyevich ALYABYEV
Director of Nyurba GOK
Petr Mikhailovich GLAGOLEV
Director of AlmazDorTrans Department
Yuri Andreyevich DOINIKOV
Director of Aikhal GOK
Valery Nikolayevich LEONENKO
Director of Mirny GOK
Alexandr Vladimirovich KOZUPEYEV
Director of Anabar GOK
Yuri Anatolyevich PETROV
Director of Udachny GOK
Yuri Ivanovich POPOV
Head of Capital Construction Department
Gamlet Vaginakovich AKOPYAN
Head of Legal Department
Galina Innokentyevna DANCHIKOVA
Deputy Chairwomen of the Government of
Republic of Sakha (Yakutia), First Deputy of
Permanent Representative of Republic of Sakha
(Yakutia) at RF President’s Office
Deputy Head – Head of Department for
Strategic Planning, Analysis and Forecasts,
Administration of President of Republic of
Chief Accountant of United Selling
Organisation of ALROSA
Deputy Head of Department of Precious Metals
and Gem Stones, RF Ministry of Finance
Consultant of Department for Property of Fuel
and Energy Complex, RF Ministry of Property
Structure of ALROSA Group
общества - 18
Строительство - 3
финансовые - 4
транспорт - 4
услуги - 12
организации - 1
ОБЩЕЕ СОБРАНИЕ АКЦИОНЕРОВ
ДОЧЕРНИЕ И ЗАВИСИМЫЕ ОБЩЕСТВА
The year 2002 has completed the first 10-year cycle in the history of ALROSA. This was an extremely
important phase of transformation of the Company from an industrial and research entity to a multi-
profile vertically integrated enterprise, diversification of its activities, strengthening of the
interrelations between the Company’s management, the local authorities, the leaders of the Republic of
Sakha (Yakutia) and the Government of the Russian Federation.
The ALROSA management continued to consistently pursue its policy. Our practical steps were aimed
at implementing the five-year programme for 2001-2005 approved by the Supervisory Council and the
main goals set for the period until 2015. Currently, the future prospects of the Company are associated
with the change-over to more labour-intensive and more expensive underground diamond mining,
which sets new requirements with respect to higher labour productivity, lower production costs,
improvement of the commercial mechanisms at all levels down to the level of individual divisions and
crews. The decisions taken by the Company’s management are coordinated with our main shareholders
– the Government of the Russian Federation and the Government of the Republic of Sakha (Yakutia).
They are aimed at comprehensive development of the ALROSA Company – one of the leaders in the
world’s diamond industry and the main pillar of the economy of the Republic of Sakha (Yakutia).
The most important events of 2002 were:
- Decree of President of the Russian Federation No.1373 of November “On Approval of the
Procedure for Import and Export of Rough and Polished Diamonds in the Russian Federation”;
- Adoption of the new version of the ALROSA Statute;
- Election of the Chairman, First Deputy Chairman and Deputy Chairman of the Supervisory
Council of ALROSA – Mr. A.L. Kudrin, Minister of Finance of the Russian Federation, Mr.
V.A. Shtyrov, President of the Republic of Sakha (Yakutia), and Mr. A.D. Kirillin,
- Approval by the Supervisory Council of supplements to the five-year plan (2001-2005) for
development of ALROSA Group;
- Commencement of active construction of the Mir underground mine;
- Commissioning of the second phase and reaching of the design capacity of the International
- Signing of economic terms and conditions for the lease agreement between ALROSA and the
Government of the Republic of Sakha (Yakutia) for 2002-2003 with a fixed amount of
payments relating to investment objectives;
- Preparation and signing on January 5th, 2003 of a Collective Agreement between ALROSA and
the Profalmaz trade union for the period of 2003-2004.
The consistent implementation of the adopted strategy of technical, economic and social development
of the Company facilitated that despite some unfavourable changes in the world’s diamond market and
growing competition between the main diamond mining companies, ALROSA was able to attain its
main goals and maintain its positions in the world market. An important indication of the growing
authority of the Company are the results of the elections of the deputies of the State Assembly of the
Republic of Sakha (Yakutia) (Il Tumen) held last December and the local administrations: a significant
number of elected deputies are representatives of ALROSA.
Main Results of ALROSA Plan Fulfilment in 2002
Despite the more complicated mining and geological conditions for mine operation at the main
diamond mines, the Company managed to attain the goals set for 2002.
In 2002 the Company produced US $1,384 million worth of diamonds or US $1,466 million worth of
diamonds, including the mining production of OAO “ALROSA-Nyurba”. The total diamond sales
amounted to US $1,557 million, including US $106 million worth of polished diamonds.
The Company carried out geological exploration work for an amount of RUR 1,127 million (US $35.9
million). Geological prospecting and exploration was conducted in the Republic of Sakha (Yakutia),
Arkhangelsk, Irkutsk and Voronezh regions. Investigations were commenced to assess the prospects
for diamonds in the Maritime Province, Northern Urals, Leningrad Oblast, Pskov, Novgorod and
The Company pursues its strategic goal to develop the required industrial infrastructure and construct
basic facilities for exploitation of mineral resources. The overall plan of investments into capital
construction was fulfilled in 2002 to 125% and the total investments amounted to RUR 15,564.9
million (US $496.5 million). The value of the newly commissioned main fixed assets was RUR 8,840
million (US $282 million), including technical modernisation of the Company’s operations for RUR
2,825 million (US $90.1 million).
The main objectives set by the Company’s economic and financial policy have been attained.
Financing of top-priority items of the budget was provided in due time. Revenues from sales of
products and services amounted to RUR 53,869 million (US $1718.3 million) and the net profit
reached RUR 6,474 million (US $206.5 million). It has been proposed to the Shareholders’ Meeting to
increase the funds allocated for dividend payment by 16.6% as compared with the previous year and
the dividend per share will be RUR 3,500.
The issue of improvement of the welfare of the Company’s employees was addressed on the basis of
gradual increase in the labour productivity and development of commercial relations within the
Company’s divisions. The average wage increased in 2002 by 20.7% in comparison with the 2001
level. The labour productivity rose by 9% at the ore processing plants, by 7% in the transportation
departments of the mines, by 5.9% in open-pit mines and by 6% in underground mines. Commercial
activities of the Company’s divisions resulted in additional profits of over RUR 757.1 million, which
made it possible to provide funds for additional benefits for the employees, for social development and
The Company has not only been developing dynamically within its traditional region, but also makes
efforts to participate in development of mineral resources abroad and develop its own trading network
in the main diamond trading centres. In 2002 the Company was awarded an order for development of
engineering design documentation for the second phase of the Catoca mine development. Basic
documents were signed for establishing the Hydrosicapa Company and ALROSA obtained the rights
for participation in the Luo project in Angola.
The integrated social policy of ALROSA covers issues relating to housing, utilities and municipal
services, as well as sports, cultural, medical and recreational services. The Company’s efforts in this
field permit it to maintain stable social conditions for its employees. The Company owns 62 medical
stations, 4 preventoriums within Yakutia, two resorts at the Black Sea coast – “Blue Wave” and
“Prometheus” – and other facilities for healthcare and provision of adequate working and recreation
conditions. During 2002 about 24,000 square metres of housing were purchased for an amount of RUR
92 million. The allocations for financing the Company’s pension programme amounted to RUR 499
Environmental protection has been an indispensable part of the Company’s philosophy from the very
beginning. Today the Company makes all efforts possible to protect the natural environment, train its
personnel and educate the young generation on the basis of the principle of high priority of
environmental issues. The outlays for construction of environmental protection facilities amounted in
2002 to RUR 528 million, which was by RUR 273 million more than in 2001.
To summarise, it may be stated that in general 2002 was a successful year for the Company. ALROSA
was awarded an Honour Diploma of the Winner of the Third All-Russian Contest “1,000 Best
Enterprises” for its performance and efficiency; a prize for its perfect accounting service; as well as an
Honour Diploma of the First International Forum “Adults for Children: Happy Children – Pride of the
Country” for its activities aimed at implementing the governmental programme for improvement of
social conditions for children and care of homeless children. The Company was also a laureate of the
national competition “Enterprises with High Social Efficiency”.
In the current year we plan to improve the diamond mining and sale performance. This is a rather
difficult objective, but our previous experience permits us to be optimistic about our future.
The Company’s Board and the Supervisory Council have approved on December 28, 2002, and
January 17, 2003 respectively the production plan for the ALROSA Group for the year 2003, which sets
the following targets:
· Diamond mining production: US $1,410 million worth of diamonds, or US $1,560 million
including OAO “ALROSA-Nyurba”
· Sales of main products: US $1,619.5 million, or US $1,744.5 million including OAO
of which polished diamonds: US $129.5 million
· Sales revenues: RUR 57,090.8 million
· Net profit: RUR 5,909.4 million
· Capital investments: RUR 15.1 billion
· Financing of geological exploration: RUR 1,257.5 million
· Borrowed capital as of 01.01.2004: RUR 38,754.6 million
· Rouble exchange rate: RUR 32.8 per 1 US Dollar
ALROSA Goals for 2003
Completion of the work relating to the approval by the European Commission of the agreement
with De Beers.
Increase in the geological diamond reserves, among other things by discovery of new deposits and
intensification of geological prospecting.
Scheduled increase in the sale prices for main products.
Extension of mining operations to ensure the planned diamond production.
Completion of the construction and commissioning of the No.16 Plant of Nyurba GOK and
bringing it to the design capacity.
Beginning of the erection of the No.203 dredge for exploitation of the Gornoye alluvial deposit.
Construction of the system for water removal from the Mir open pit.
Beginning of the extension of the No.8 Plant for processing ore from the Komsomolskaya pipe.
Development of a process flow diagram for treating clayey ores from the Jubilee pipe.
Improvement of availability of mining machinery and equipment, as well as transportation
Construction of main asset facilities within the scope foreseen in the five-year plan (2001-2005) for
the ALROSA Group development, including construction of the underground mines of Mir and
Reduction of the production costs and attaining of the set production targets in all divisions and
subsidiaries of the ALROSA Group.
Decrease in the inventories of materials and technical resources, as well as a reduction in the
Modification of the structure of the borrowed capital by increasing the proportion of long-term
loans, decreasing the remaining short-term credits and loans, at the same time maintaining the
overall amount of the borrowed capital at the level of about US $1.1 billion.
Preservation of the financial stability of the Company and the current liquidity level.
The Company has never had any easy periods in its history. The current year, similarly to the
preceding year, is not an exception. The objectives set by the Company for this year require new
tireless efforts. The main pillar of our Company is the team of the Company’s dedicated employees
having many years of experience of assiduous work. Nevertheless, it needs your unanimous support.
Only with mutual trust and understanding and with our concerted efforts to reach our political and
production objectives we will be able to further strengthen the image of ALROSA.
In 2002 and in the early 2003 there were some changes in the management of the Company. A number
of distinguished managers have left the Board: S.I. Zelberg, V.N. Leonenko, A.O. Novoselov, Yu.K.
Okoyemov, S.V. Lytkin and V.E. Nekhayev. We are pleased to express our sincere gratitude to them
for their personal contributions to the development of the diamond mining industry and strengthening
of the Company.
I am also pleased to have the opportunity to thank the leaders of the Russian Federation and Republic
of Sakha (Yakutia), members of the Supervisory Council and all our business partners who have
rendered their support and helped us become one of the most efficient and permanently developing
companies of Russia.
I would like also to express my gratitude to the team of the Company’s employees through whose
efforts the Company had overcome all the difficulties encountered during the last year and ensured the
Company’s positive performance.
I wish you new successful achievements in the year of 2003.
President of ALROSA
Mirny, Republic of Sakha (Yakutia)
Download 1.06 Mb.
Do'stlaringiz bilan baham:
ma'muriyatiga murojaat qiling