ALMAR’s transformation into a joint-stock company is aimed at the sustainable development of the company, increasing transparency and providing access to an organized financial market for financing the company’s mining projects.
In accordance with the priorities for the development of the region of its activities, ALMAR JSC will continue to operate as a Yakut taxpayer, for this purpose the joint-stock company is registered in the village of Olenek of Oleneksky ulus (district) of the Republic of Sakha (Yakutia).
ALMAR’s subsurface user, Arctic Mining Company LLC, became a subsidiary of ALMAR JSC. The reorganization will not affect the ongoing work and settlements with counterparties of the company and its subsidiary.
The new full corporate name of the company is Joint Stock Company “ALMAR – diamonds of the Arctic”, abbreviated – JSC “ALMAR”. The new details of the company are published on the website in the “Corporate Information” section.