|
|
Grib Diamond Sales Surge Ahead of Takeover
Mar 14, 2017 11:11 AM
By Rapaport News
|
|
|
RAPAPORT... Lukoil’s diamond revenue nearly doubled to $335.8 million
(RUB 20 billion) last year, ahead of the oil producer’s sale of the Grib mine.
Sales of rough stones stood at $184.7 million (RUB 11
billion) in 2015, having risen from $16.8 million (RUB $1 billion) in 2014, the
miner said Tuesday.
Lukoil, Russia’s largest oil miner, sources all its diamonds
from the Grib asset in the country’s Arkhangelsk region. The company announced
the $1.45 billion sale of the mine to Russian investment group Otkritie Holding
last year, with the deal currently subject to government approvals, Lukoil
said.
Production at Grib was launched in September 2014, with
initial estimates putting full annual production at 4.5 million carats. Lukoil has
not disclosed operational figures for the mine.
|
|
|
|
|
|
|
|
|
|
Tags:
Arkhangelsk, grib, Grib Diamond, lukoil, Otkritie Holding, Rapaport News
|
|
|
|
|
|
|
|
|
|
|
|
|