Alrosa Posts 7% Rise in Production in 2013
January 30, 14
(IDEX Online News) – Russian mining giant Alrosa today (Thursday) announced that its production for 2013 totaled 36.9 million carats, an increase of 7 percent compared to 2012.
The miner’s production for the fourth quarter of 2013 totaled 9.9 million carats, an increase of 10 percent compared to the fourth quarter of 2012.
Alrosa said the production increase was primarily driven by improved ore grade at the Jubilee pipe, the acquisition of OJSC Nizhne-Lenskoye and the Aikhal underground mine reaching its target
During the final quarter of 2013, Alrosa sold 10.8 million carats of diamonds. This included 6.7 million carats of gem-quality diamonds, which had an average price of $192 per carat (p/c). The miner also sold 4.1 million carats of industrial diamonds with an average price of $7 p/c.
For the year as a whole, Alrosa sold 38 million carats, including 26.7 million carats of gem-quality diamonds with an average price of $176 p/c, and 11.3 million carats of industrial diamonds with an average price of $9 p/c.
The company expects its 2013 revenue, including non-diamond revenue, to increase by around 10 percent compared to 2012 and to be at least $4.7 billion (165 billion rubles).
For the year ahead, Alrosa is estimating a “moderately optimistic forecast” and expects diamond production to reach 36 million carats and forecasts sales of 38 million carats, including goods from inventory.