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Diamond miner Alrosa’s first-quarter production slumps

By: Mariaan Webb     Updated 4 hours ago Diamond miner Alrosa on Friday reported a 17% year-on-year decrease in its first-quarter production, as the shutdown of the Mir underground division weighed on its performance and lower-grade ores were processed from the Jubilee pipe. The miner produced 7.42-million carats in the quarter,... 

Alrosa opens Mumbai representative office

By: Creamer Media Reporter      19th April 2018 Russian diamond miner Alrosa has opened a representative office in Mumbai, India, on the territory of the Bharat Diamond Bourse. The office will not conduct any trading activity and will be concentrated on strengthening ties with Indian market, the company said on Thursday. 

Alrosa switches to cheaper fuel sources to cut operating expenses

By: Creamer Media Reporter      16th April 2018 The conversion of boiler houses and power plants to alternative fuels is expected to reduce the operating expenses of Russian miner Alrosa by about 5.3-billion roubles over the next ten years. In an update on Monday, Alrosa said that it would build a gas boiler-house in Almazny settlement in the... 

Alrosa sells $559.5m worth of diamonds in March

By: Creamer Media Reporter      10th April 2018 Russian diamond miner Alrosa sold $559.5-million worth of rough and polished diamonds in March, an increase on February’s sales of $541.9-million, despite a slight seasonal cooling off in demand during the month. Deputy CEO Yury Okoemov said in a statement that auctions of diamonds larger than... 

Alrosa selects top projects for resuming production at Mir

By: Mariaan Webb     3rd April 2018 Out of the 33 entries in the competition that Russian diamond miner Alrosa launched to find a technical solution for resuming mining operations at the Mir deposit, three projects have been awarded the second and third places, but no outright winner was named. The second place was taken by two... 

Russian diamond company Alrosa posts 28% profit fall

By: Reuters     16th March 2018 Russian diamond producer Alrosa suffered a sharp fall in core profit last year, hit by lower prices for its gems. The world's largest producer of rough diamonds said that earnings before interest, taxation, depreciation and amortisation (Ebtida) fell 28% to 126.9-billion roubles, broadly meeting... 

Alrosa uses gas sale proceeds to repay loans

By: Creamer Media Reporter      12th March 2018 Diamond miner Alrosa has used the proceeds of the cash sale of its gas assets to repay $450-million in bank loans. The company announced on Monday that it had repaid a $250-million loan from Rosbank and a $200-million portion of its existing Raiffeisenbank loan, reducing its debt by more than 27%... 

Alrosa ups February sales, reports on exploration developments

By: Creamer Media Reporter      7th March 2018 Russian diamond major Alrosa on Wednesday announced its latest diamond sales results and also reported on geological prospecting developments, including the reorganisation of its exploration unit. The company, which produces the world’s most diamonds in terms of volume, said that it had sold... 

Novatek says wins auction for Alrosa's gas assets

By: Reuters     19th February 2018 Novatek, Russia's largest non-State gas producer, said on Monday it had won an auction for Alrosa's two gas assets with a bid of 30.3-billion roubles. Novatek has been actively buying upstream assets in an effort to boost sluggish natural gas output. 

Alrosa reviews submissions for Mir reopening

By: Simone Liedtke     16th February 2018 Diamond miner Alrosa has opened a contest with a 1.5-million-rouble reward for the best solution to resume underground mining at its Mir deposit, where operations were suspended in August last year owing to a flood that killed eight people. The company said this week that it had received and... 

Botswana Diamonds raises £500 000 for South Africa, Botswana exploration 

By: Creamer Media Reporter      14th February 2018 Aim-listed Botswana Diamonds has raised £500 000 to fund ongoing exploration in South Africa and Botswana. The funds were raised through the issue of 50-million shares to new and existing investors at a price of 1p a share. 

Botswana Diamonds starts exploration work at Botswana JV, maintains exploration optimism

By: Mia Breytenbach     13th February 2018 Aim-listed Botswana Diamonds has started exploration work on the Sunland Minerals joint venture (JV), which it shares with Russian diamond producer Alrosa, in Botswana. The objective of the exploration programme is to follow up on 15 previously identified priority geophysical targets in PL232-235... 

Alrosa sold diamonds worth $504.5m in January

By: Reuters     13th February 2018 Russia's Alrosa said on Monday it had sold rough and polished diamonds worth $504.5-million in January. Rough diamond sales had amounted to $499-million and polished diamond sales to $5.5-million, it said in a statement. 

Angola’s diamond sector expanding with Russian help

By: Rebecca Campbell     2nd February 2018 Angola’s Sociedade Mineira de Catoca (Catoca Mining Company) is expecting to produce seven million carats of diamonds this year. This was stated by company GM Sergei Amelin, the Macauhub news agency reported. He was speaking in the city of Saurimo, which is the capital of Lunda Sul province,... 

Alrosa to decide Mir mine future before privatisation

By: Reuters     26th January 2018 Russian State-controlled diamond miner Alrosa needs to decide what to do with its Mir mine mine after last year’s flooding incident before its privatisation plans come back on the agenda, Russian Deputy Finance Minister Alexei Moiseev said on Friday. Russia does not plan to reduce its stake in... 

Alrosa CEO, Angolan President discuss Catoca shareholding

By: Megan van Wyngaardt     26th January 2018 Alrosa CEO Sergey Ivanov and Angolan President João Lourenço this week held their second meeting to discuss issues related to the closing of the transaction to increase Alrosa's shareholding in Catoca Mining to 41%. "Recently, we have seen positive changes related to increasing of transparency... 

Brazilian group sells stake in Angola diamond mine to help pay fines

By: Rebecca Campbell     26th January 2018 The sale of Brazilian group Odebrecht’s 16.4% stake in Angolan diamond mining company Sociedade Mineira de Catoca (Catoca Mining Company) to, and its redistribution between, the mine’s two main shareholders, has been approved by Angolan President João Lourenço. He signed the decree authorising... 

Alrosa aims to sell 40m carats of diamonds in 2018

By: Reuters     25th January 2018 Alrosa could sell around 40-million carats of diamonds in 2018 provided market conditions are favourable, the Russian State-controlled diamond miner said on Thursday. The world's largest producer of rough diamonds has said it expects production to fall in 2018 due to an accident at its Mir mine... 

Alrosa appoints director for soon-to-be-opened Indian office

By: Creamer Media Reporter      25th January 2018 Diamond mining company Alrosa has appointed Jim Vimadalal, who previously worked at the Indian offices of Rio Tinto and Swarovski, as director of its representative office in Mumbai. The Indian office is scheduled to open in March. 

Russia not discussing reducing its stake in Alrosa in 2018 - RIA

By: Reuters     24th January 2018 Russia is not discussing reducing its stake in diamond miner Alrosa in 2018, the RIA news agency quoted Alrosa CEO Sergei Ivanov as saying on Wednesday. 

Alrosa signs 67 long-term diamond supply contracts

By: Creamer Media Reporter      23rd January 2018 Diamond major Alrosa has signed 67 long-term agreements for the sale of gem quality and industrial rough diamonds, 12 of which are agreements with Russian companies. Of the eight Russian companies that are buying rough diamonds from Alrosa, three are new clients – Aives, Diapur and Kristalldiam. 

Alrosa’s 2017 rough and polished sales dip to $4.3bn

By: Mariaan Webb     11th January 2018 Russian miner Alrosa’s diamond sales fell to $4.27-billion in 2017, from $4.45-billion in the previous year, as the average price of its rough diamonds dipped. Reporting on the group’s 2017 sales figures, VP Yury Okoemov explained on Thursday that the average price of rough diamonds sold by... 

Rosneft decides against bid for Alrosa's gas assets for now

By: Reuters     10th January 2018 Rosneft has decided against bidding for gas assets being sold by diamond miner Alrosa, at least for now, the Russian energy company said on Wednesday, saying the auction terms were unacceptable. The world's largest producer of rough diamonds plans to sell its gas assets in Russia's Yamalo-Nenets... 

Zimnisky Diamond Price Index rises as demand improves

By: Henry Lazenby     20th December 2017 The Zimnisky Global Rough Diamond Price Index has gained 2.7% up to mid-December, with polished prices are down 3.5% in the same period, diamond analyst Paul Zimnisky said in a new blog post. The reason for this, according to the New York-based analyst, is that 2017 has been a year of excess... 

Canadian junior mining company makes progress in Northern Cape

     15th December 2017 Canadian junior mining company Tango Mining has made progress at its Oena diamond project, based in the Northern Cape in South Africa, appointing diamond recovery company Bluedust 7 as its mining contractor, which it announced in October. The contract will take place for a 60-month period, during... 

Polymetal, Alrosa receive top honours in Russian environmental report

By: Megan van Wyngaardt     14th December 2017 LSE-listed Polymetal International was awarded the top rating in environmental responsibility among Russian metals and mining companies by the World Wildlife Fund (WWF). The WWF, in collaboration with the United Nations Development Programme, Global Environmental Facility, and the Russian... 

New polishing facility a boost to Dubai’s status as a diamond trading centre

By: Dylan Slater     8th December 2017 The global diamond industry is either growing in affluent regions or remaining steady in less affluent ones, thereby reflecting a degree of positivity, as well as signs of growth. This also points to untapped potential that is ready to be unlocked through increased investment upstream and... 

New polishing facility a boost to Dubai’s status as a diamond trading centre

By: Dylan Slater     8th December 2017 The global diamond industry is either growing in affluent regions or remaining steady in less affluent regions, thereby showing a degree of positivity with signs of growth. This also points to a degree of untapped potential that is ready to be unlocked through increased investment upstream and... 

Diamond miner Alrosa refinances loan

By: Mariaan Webb     5th December 2017 Russian miner Alrosra has reduced its debt to $1.48-billion, following an early repayment of $120-million on its $720-million bank loan due in 2019. The diamond mining group has refinanced the balance of $600-million through two new loans of $350-million and $250-million issued by Raiffeisenbank... 

Alrosa Q3 net profit halves on losses from flooded mine

By: Reuters     17th November 2017 Alrosa, the world's largest producer of rough diamonds, said third-quarter net profit has halved to 12.95-billion roubles from the year-ago period, caused by losses related to a flooded underground mine. The company said it incurred losses worth 7.38-billion roubles from the flooded mine Mir. 

Announcing noteworthy diamond finds keeps market interest high – Paragon International

By: Henry Lazenby     10th November 2017 A review of 61 diamond finds over the past five years, which were significant enough to warrant press releases by the companies that mined them, shows that announcing the diamond finds publicly keeps market interest high, said diamond investment specialist Paragon International Wealth Management... 

Alrosa recovers two 100-ct-plus diamonds from Jubilee pipe

By: Creamer Media Reporter      9th November 2017 The Jubilee (Yubileynaya) pipe at Aikhal mining and processing division of Russian miner Alrosa has yielded two gem-stone quality diamonds of more than 100 ct each last year. The smallest of the two stones is a 108.34 ct rough diamond, measuring 23 mm by 20.56 mm by 17.86 mm. The other stone is a... 

Alrosa's Vladivostok special-stone auction brings in $9m

By: Creamer Media Reporter      3rd November 2017 Diamond miner Alrosa has netted $9-million in the special-size rough diamond auction that was held at its branch in Vladivostok in late October. The company sold 66 stones with a total weight of 1 084 ct. Alrosa said the most expensive diamond was a 40.47 ct stone that sold for more than... 

Alrosa reaffirms commitment to long-term contracts

By: Creamer Media Reporter      1st November 2017 Russian diamond giant Alrosa has reaffirmed its commitment to channel 70% of its sales to key customers governed by three-year contracts. Alrosa started implementing long-term contracts in 2009 and has said that the sales practices had repeatedly proved its efficiency. 

Alrosa reaffirms 2017 guidance of 5% production growth

By: Mariaan Webb     24th October 2017 Diamond giant Alrosa remains on track to produce 39.3-million carats in 2017, the company’s first VP Igor Sobolev reported this week, pointing out that output for the first nine months of the year had increased by 6% year-on-year. Alrosa produced 29.54-million carats in the first nine months of... 

Alrosa finds 34 ct yellow diamond

By: Creamer Media Reporter      20th October 2017 Russian miner Alrosa’s Almazy Anabara has extracted a large, 34.17 ct yellow diamond at its Ebelyakh alluvial deposit. The rough diamond measures 20.17 by 19.65 by 15.1 mm and is a transparent intense yellow crystal with a small inclusion in the intermediate zone. 

Alrosa to auction large rough diamonds in Vladivostok

By: Creamer Media Reporter      12th October 2017 Russian diamond major Alrosa said on Wednesday that it would put up for sale 1 170 ct of large rough diamonds at an auction in Vladivostok later this month. The diamonds all weigh more than 10.8 ct each and would be sold in 72 gem-quality lots. The largest diamond weighs 47.55 ct. 

Alrosa’s Sept sales down 32% y/y

By: Mariaan Webb     11th October 2017 Russian diamond major Alrosa sold $309.7-million worth of rough and polished diamonds in September – a 32% decrease on its sales in the same month last year. Rough diamond sales amounted to $305.8-million and polished diamond sales to $3.9-million, compared with year-earlier sales of... 

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