Alrosa Aims for $5 Bln in Diamond Sales in 2012
December 13, 11(IDEX Online News) – Alrosa plans to sell $5.1 billion worth of diamonds in 2012, and increase production by 152,300 carats to 34.6 million carats, the company announced Tuesday after an executive committee meeting.
The committee also approved a 31.7 percent increase to the exploration budget to $169 million. The construction budget will get a 32 percent boost to $234 million.
In 2012 Alrosa plans to double ore production from its underground mines. The emphasis of this increase is on bringing the Aikhal underground mine to full capacity.
Alrosa is aiming at a group net profit of over RUB 34.12 billion ($1.1 billion), growing 16.9 percent as compared to 2011.
The planned capital investment for 2012 is $690 million.