Capital construction expenditure amounted to RUR 10 billion 620.5 million (18.3 Percent growth compared with the same period of 2004). The company completed the program of construction of social and cultural facilities dedicated to the 50th anniversary of the city of Mirny and the Russian diamond mining industry. The total expenditure for this purpose in the nine months of 2005 amounted to RUR 1 billion 627.8 million.
The Board considered the draft of ALROSA Housing Policy Guidelines for 2006-2010 developed by Yakutalmaz Research and Design Division. Such guidelines are needed to improve ALROSA social programs.. The specific steps to implement it are to be put for the Executive Board approval in March 2006.
ALROSA Co Ltd is a closed-type joint-stock company, successor to the enterprises, organizations and divisions of the former YakutAlmaz Association, Committee for Precious Metals and Precious Gemstones (Gokhran of the Ministry of Finance of the Russian Federation) and the Almazjuvelirexport Foreign Trade Association specialized in sorting, initial processing and supply of rough diamonds which were incorporated into the Company's structure.
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