OREANDA-NEWS. On October 2, the Supervisory Board of ALROSA held its meeting in Moscow under the chairmanship of its head Vice Prime Minister of Russia Alexey Kudrin, the press-service of ALROSA reported.

Among other topics the Surervisory Board voted to accept adjusted ALROSA major performance targets and budget for 2007 as proposed by the Executive Board:

1.Rough diamond production (including the production of OJSC ALROSA-Nyurba - USD 2315.7 million.
2.Rough diamond production by ALROSA Co. Ltd. - USD 1757.4 million.
3.Revenues from core product sales, total - USD 2927.7 million including:
- sales by ALROSA Co. Ltd. - USD 2270.7 million;
- rough diamond sales - USD 2111.0 million;
- polished diamond sales - USD 159.7 million;
- sales by OJSC ALROSA-Nyurba - USD 657.0 million.
4.Revenues from product (work and services) sales - RUR 72186.0 million.
5.Profit from product (work and services) sales - RUR 25243.2 million.
6.Net profit - RUR 13930.9 million.
7.Capital expenditure - RUR 19192.2 million.
8.Prospecting and Exploration budget (exclusive of on-mine-site exploration expenses) - RUR 2584.9 million.
9.R&D expenditure - RUR 468.3 million.

The Supervisory Board also proposed that the acquisition by ALROSA of a stake in the joint ownership of the former PNO Yakutalmaz property from OJSC VTB be approved by the EGM.