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Alrosa
Alrosa Profit Drops in Third Quarter
Weak rough-diamond demand led to a decline in profit at Alrosa in the third quarter, the Russian miner reported. Profit slid 44% to RUB 13.5 billion ($211.6 million) for thethree months ending September 30, as revenue faltered...
Mining Nov 10, 2019 Rapaport News
Jubilee
Alrosa Sales Down as Cutters Reduce Stock
Alrosa’s sales fellin the third quarter amid a drop in the average price as the miner sold alarger proportion of small stones, it reported Thursday.Sales decreased 37% to $611 million for the three months ending September...
Mining Oct 22, 2019 Rapaport News
Alrosa Lomonosov deposit
Alrosa Falls Victim to Changing Retail Practices
Retailers’ attempts to maintain low diamond inventories are hurtingdemand across the trade, Alrosa warned after reporting its lowest quarterlysales since 2015. The Russian miner’s sales slumped 26% to $807 million in thesecond quarter...
Mining Jul 18, 2019 Rapaport News
Alrosa
Alrosa Profit Dips Amid Shift to Smaller Stones
Alrosa’s profit decreased in the first quarter as its sales mix shifted to lower-value goods. Net profit fell 27% year on year to RUB 24.1 billion ($371.6 million) forthe period, the miner said last week....
Mining May 19, 2019 Rapaport News
Alrosa rough diamonds with tweezers 150
Alrosa Launches Zarya Diamond Mine
Alrosa has started diamond production at a newdeposit in Yakutia with an expected mine life of 11 years, it said Wednesday. The Zarya pipe will help compensate for the diminishing resources at the miner’s Komsomolsky open-pit site, Alrosa...
Rough Markets Apr 18, 2019 Rapaport News
Alrosa
Alrosa’s Revenue Falters on Weak Prices
Alrosa’s sales fell in the first quarter amid lower rough pricesand a larger proportion of small diamonds. Revenue from rough stones slid 37% year on year to $988million for the three months ending March 31,...
Mining Apr 17, 2019 Rapaport News
Alrosa
Alrosa Sees Untapped Wealth in New Mine
Alrosa’s newest mine could become one of the company’s richest sources of large rough diamonds, recent testing has found. The Russia-based miner conducted experimentation, between March 11 to 15, at apreviously untested portion of the Zapolyarnaya...
Mining Mar 25, 2019 Rapaport News
Alrosa
Alrosa Recovers 99ct. Diamond at New Mine
Alrosa has unearthed a 98.8-carat, gem-quality diamondfrom its new Verkhne-Munskoye mine in Yakutia, it said Wednesday. The stone was retrieved from the Zapolyarnaya pipe, one offour kimberlites that are located at the site. It has...
Mining Feb 28, 2019 Rapaport News
Alrosa
Mine Closures Hit Alrosa Production
Alrosa’s rough-diamond production fell 7% in 2018 amid theclosure of two of its assets, the miner said Thursday. Output for the year dropped to 36.7 million carats, as thecompany was no longer carrying out open-pit mining at the...
Mining Jan 24, 2019 Rapaport News
Alrosa
Alrosa Lowers Full-Year Sales Outlook
Alrosa has reduced its full-year sales outlook amid weakerdemand for small stones in the second half, the miner said Thursday. The company expects to sell 37 million to 38 million caratsthis year, down from the...
Mining Nov 08, 2018 Rapaport News
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