RapNet


Rapaport News

 

Mining

 
Rapaport Broadcast
Martin Rapaport Addresses Israel Diamond Week
February 12 2020

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

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
BlueRockBlueRock Restarts South African Mine
May 12, 2020
BlueRock Diamonds has resumed operations at its Kareevlei deposit in South...
Lucapa Unearths 171ct. Rough at Lulo
Court Orders Release of Dominion’s Diamonds
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