Industry News by Nemesis

ALROSA’s 2015 Production +6% to 38M Cts

January 31, 2016

ALROSA’s production increased 6 percent year on year to 38.3 million carats in 2015 as the company opened a new mine in Yakutia and increased diamond recovery from three other mining locations.

The miner produced 942,000 carats from the Botuobinskaya pipe, which launched in March 2015, slightly below the forecast of 1 million carats.

The Karpinskogo-1 pipe in the Arkhangelsk region of Russia produced 1.1 million carats during the year, compared with 266,000 carats in the final three months of 2014 after ALROSA subsidiary Severalmaz launched production at the site in October.

Production from the Mir underground mine in Yakutia soared 50 percent to 2.2 million carats, while output from the Udachnaya underground mine increased nearly fourfold to 413,000 carats, according to a statement January 28.

ALROSA reported that it sold 30 million carats of diamonds in 2015, which was 24 percent below the 39.5 million carats sold in 2014, according to Rapaport records. Revenue from rough sales are expected to be at least $3.4 billion.

In the final quarter of 2015, ALROSA’s production decreased 18 percent year on year to 8.6 million carats. The company sold 7.1 million carats during the period, including 4.1 million of gem-quality diamonds at an average price of $166 per carat and 3 million of industrial diamonds at $10 per carat.

 

Source: Rapaport

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