A subsidiary of the Russian state-owned diamond company Alrosa will be forced to wait for another two months before it will learn if it will be permitted by federal authorities to purchase another diamond mining company.



Russia's Federal Antimonopoly Service said the amount of time it would take to come to a decision about OJSC Almazy Anabara's application to purchase all stock in OJSC Nizhne-Lenskoye would be extended by two months. The regulators stated that it required more information about the latter firm before it could arrive at a conclusion in the matter.



OJSC Nizhne-Lenskoye, credited with approximately 4% of the total diamond output of the Russian Federation, mines for diamonds in the Yakutia Republic in eastern Siberia. The Yakutian government currently owns all stock in the company and recently made plain its intention to denationalize the firm.