Company description

ALROSA (ALRS) is a Russian diamond mining and exploration company that was founded in 1992 and is headquartered in the city of Moscow. The company is known for its extensive operations in the diamond industry, with its primary focus being on the exploration and extraction of precious diamonds. ALROSA is considered to be one of the leading diamond producers in the world, with approximately 97% of its revenue being generated from diamond sales. The company's diamond reserves are estimated to be one of the world's largest, with its mines located in various regions of Russia, including Yakutia, Arkhangelsk region, and the Republic of Sakha. ALROSA has also expanded its operations to other countries, such as Angola and Zimbabwe, through joint ventures and partnerships. The company has a strong commitment to sustainable development and responsible mining practices, which is evident through its efforts towards protecting the environment, promoting social responsibility, and supporting local communities. With its solid financial performance and global market presence, ALROSA continues to play a significant role in the diamond industry and is expected to maintain its position as one of the top diamond producers in the world.