Kaliningrad Amber Combine
Joint Stock Company Kaliningrad Amber Combine (Russian: Калининградский янтарный комбинат) is the only official amber mine in Russia, located in Yantarny, Kaliningrad Oblast. The combine extracts up to 400 tonnes of amber annually, and is owned by the state corporation Rostec.
Company type | Joint-stock company |
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Industry | Resource extraction |
Headquarters | Yantarny , Russia |
Revenue | ₽1.19 billion (2016) |
Net income | ₽209 million (2016) |
Number of employees | 986 (2016) |
Parent | Rostec |
Website | Official website |
The region around the combine holds 90% of the world's extractable amber, and the Kaliningrad Combine accounts for 65% of the global amber market. Most of the combine's production is sold to China.
The Kaliningrad Combine also owns the Malyshevskoye emerald mine in Malysheva, Sverdlovsk Oblast, the only commercial emerald mine in Russia, and produces beryllium ores and concentrates in the same facility. In 2017 the company held Russia's first emerald auction on the Saint Petersburg Stock Exchange.