Rapaport News




Advanced search
Latest Articles
Rough Markets
Polished Markets

Alrosa CEO Trades Stock to Aid COVID-19 Relief

Sergey Ivanov will donate RUB 18.5 million ($241,670) to help efforts in the Mirny district of Yakutia, where the company mines.
Apr 5, 2020 7:32 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Alrosa CEO Sergey Ivanov has sold a portion of his stake in the company to help fight the COVID-19 pandemic.

Ivanov offloaded half of his shares in the Russian mining company for RUB 18.5 million ($241,670), Alrosa said last week. The proceeds of the sale will be donated to help stem the spread of the coronavirus in the Mirny district of Yakutia, where Alrosa operates.

“All proceeds from the sale will be used to pay for medicines, [and] medical and personal protection equipment for the Mirny district of Yakutia,” Ivanov said. “I understand that today is not an ideal moment for selling shares. However, under [the] current circumstances, the speed of procurement of scarce medical supplies becomes crucial. Paying from [my] personal account makes purchasing easier and faster.”

The Alrosa CEO now holds a 0.0083% stake in Alrosa.

Image: Sergey Ivanov. (Alrosa)
Tags: Alrosa, COVID-19, Mirny, Rapaport News, Sergey Ivanov, Yakutia
Similar Articles
Petra Diamonds Williamson mineNGO Warns Petra Lenders About Abuse Claims
Jan 17, 2021
Rights and Accountability in Development (RAID), a UK-based nonprofit, has written...
Mountain Province Output Slides in 2020
Lucapa Puts Lesotho Mine on Lockdown
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First

Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
twitter twitter
About Rapaport
Advertise with us