alrosa-nurba-cls (ALNU:RTS)
alrosa-nurba-cls (ALNU) Snapshot
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Open
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Previous Close
$959.00
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Day Low
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52 Week High
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52 Week Low
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Market Cap
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Average Volume 10 Days
0.0
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EPS TTM
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Shares Outstanding
800.0K
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EX-Date
11/7/12
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P/E TM
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Dividend
$6,325
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Dividend Yield
20.23%
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Related News
alrosa-nurba-cls (ALNU) Related Businessweek News
No Related Businessweek News Foundalrosa-nurba-cls (ALNU) Details
Alrosa-Nyurba OAO engages in the geological research, exploration and sales of natural diamonds in Russia and abroad. The geological exploration operations include various stages of the geological research of subsurface resources and regional operations before operational exploration, including monitoring of ground waters and the geological environment, searches for diamond deposits, barrenness assessments of areas for the purpose of the subsequent construction of the infrastructure of the operational mining and beneficiation mill, search operations not associated with mining operations to find structures for the underground disposal of drainage brines from mining of deposits under development, exploration of primary and placer diamond deposits for the purpose of replenishing the raw material base and operational exploration within the limits of the mining claim. The company was incorporated in 1997 and is based in Nyurba, the Russian Federation. Alrosa-Nyurba OAO operates as a subsidiary of Alrosa Co. Ltd.
alrosa-nurba-cls (ALNU) Key Developments
Russia is seeking to privatize three companies through public offerings in the year 2013. The offer will include 25% to 50% of OAO "Sovcomflot", 10% to 25% of VTB Capital plc and 7% to 14% of Alrosa-Nyurba OAO.
The privatization of Alrosa-Nyurba OAO is going to be postponed until 2013, EconMin Andrei Belousov said. Belousov did not comment how big a share of Alrosa might be up for sale.
Alrosa-Nyurba OAO plans to sell 20% stake of its equity in year 2012-2013, which is estimated to be valued at $1.5 billlion to $2 billion. The Indian government has already told Russia it is interested in bidding for Alrosa. According to an Indian Commerce and Industry Ministry official, the bid for Alrosa may be reportedly made through either MMTC Ltd or Hindustan Diamond Company Private Limited.
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To contact ALROSA-NURBA-CLS, please visit www.alrosanurba.ru. Company data is provided by Capital IQ. Please use this form to report any data issues.
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