ALROSA's Production Declines by 6% in First Nine Months
October 20, 16
(IDEX Online) – ALROSA's diamond production in the first nine months of this year fell 6 percent on the year to 27.9 million carats, the Russian miner reported.
ALROSA sold 8.3 million carats of diamonds in the third quarter, including 5.8 million carats of gem-quality diamonds at an average price of $165 per carat and 2.5 million carats of industrial diamonds at an average price of $7 per carat.
Revenue from rough diamond sales amounted to at least $976 million in the third quarter, and at least $3.5 billion in the first three-quarters of 2016.
The decline in output was due a decrease in gravels processing from the Nyurba Division's alluvial placers due to an adjustment of the 2016 production plan; a drop in ore production at Aikhal underground mine due to processing of additional volumes from Komsomolskaya pipe at the Processing Plant No. 8 following completion of expansion works at the open pit; and as a result of the termination of open-pit mining at Udachnaya pipe.