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19 May 2004 05:54
Alrosa to reduce debts by $100 mln in 2004
MOSCOW. May 19 (Interfax) - Russian diamond monopoly Alrosa plans to use internal reserves to reduce its payables by $100 million in 2004, the company's first vide president, Alexander Nichiporuk, told the press in Moscow on Wednesday. Alrosa has debts to Russian and foreign creditors of $1.2 billion. Alrosa accounts for about 25% of the world's rough diamond production. [RU ASIA EUROPE EEU EMRG RESF CORA DIA GDM] me
[Interfax]

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