In connection with the difficult economic situation stemming from the crisis in the global diamond market, as well as a significant amount of capital investment in construction of underground mining, the Board of Russian diamond monopoly Alrosa has decided to propose to the company’s Supervisory Board to recommend to the shareholders’ meeting not to allocate funds for the payment of dividends for the company in 2009.
Instead the Board proposes to use netprofits to extend capital investments, loan repayments and contributions to the reserve fund in accordance with the company’s Charter.
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