Manufacturers

Alrosa releases inaugural impact report for 2010s

The report focuses on Alrosa’s Yakutia, Russia region, which is home to 90% of the group’s operations

Alrosa, a global diamond mining company, has released its inaugural impact report, covering the period 2010 to 2020.

The report focuses on Alrosa’s Yakutia, Russia region, which is home to 90% of the group’s operations.

According to Alrosa, the firm contributed approximately $22bn (£15.9bn) to the region’s local economy over the decade, with the majority of funding coming from diamond mining and sales in the form of taxes and dividends.

The 10-year span saw Alrosa raise $8.4bn (£6.07bn) in taxes to the republic’s budget and local budgets, while $7.2bn (£5.2bn) was contributed in total salaries by the introduction of a three-fold wage increase for local employees.

Some $5bn (£3.61bn) has been invested by the firm into social development, infrastructure, housing, and utilities in the region, with annual pension contributions of roughly $29-$38m (£20.9m-£27.4m) also taking place.

Sergey Ivanov, CEO at Alrosa, said: “This is an important milestone that demonstrates our commitment to transparency and implementing our long-term sustainable development strategy. 

“Looking ahead, our key focus remains ensuring the wellbeing of our people whilst leveraging our long-standing presence in the region to sustainably unlock its full potential.”

He added: “We are therefore creating jobs, guaranteeing our workers a competitive salary and benefits, and helping build schools, hospitals and sports facilities. 

“Much work remains to be done, and we look forward to continuing to build on our progress to ensure a sustainable future for generations to come.”

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