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ALROSA's 3Q Production +10% to 10M Carats

Oct 11, 2013 6:06 AM   By Jeff Miller
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RAPAPORT... ALROSA's rough diamond production increased 9.5 percent year on year to 9.947 million carats in the third quarter that ended on September 30. The increase was  primarily due to ALROSA's acquisition of the diamond-mining company Nizhne-Lenskoye, an increase in the ore processed at its Jubilee pipe and  higher output from its Mir underground mine. alrosa underground

Specifically during the quarter, ALROSA's Jubilee pipe production  surged 43 percent year on year to 2.456 million carats, while the Aikhal underground mine and Komsomolskaya pipe recorded no production during the period.

Mirny division's production increased 6.5 percent to 1.885 million carats and Udachny division's production doubled to 480,000 carats. ALROSA's Nyurba division production declined 16.8 percent to 2.022 million carats, the Lomonosov division (Severalmaz) production was flat at 155,000 carats and Almazy Anabara's production slipped 2.4 percent to 1.553 million carats.   Nizhne-Lenskoye production improved 13.9 percent to 1.397 million carats.

ALROSA's production for the first nine months of 2013 has increased 6.3 percent year on year to 27.053 million carats.

 

Tags: Alrosa, diamonds, Jeff Miller, mining, open pit, Production, quarterly report, underground
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