ALROSA

Alrosa to increase resource base of diamonds in Yakutia by 35 million carats

Alrosa plans to increase forecast diamond resources in the Alakit-Markhinskoye kimberlite field by 35 million carats. The site is located on the territory of the Republic of Sakha (Yakutia).

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In Q3, Alrosa decreased revenue from sale of diamonds by 37%

In the third quarter 2019, Alrosa increased diamond production by 24% quarter-on-quarter to 12.1 million carats, the 15% growth year-on-year was caused by launch of new and production growth at exi

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Udachny Diamond Mine will start development of reserves up to -630 meters

The Russian State Expert Review Board re-reviewed the project documentation and the results of engineering surveys for the stripping and pilot development of the Udachny mine reserves up to -630 me

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Diamond crisis. Alrosa tries to get out of a lenghty nosedive

On Tuesday, Alrosa published its report for the last three quarters of this year. As it turned out, over the past nine months the company's net profit decreased by 42%.

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ALROSA geologists continue to search for diamondiferous kimberlite bodies in the Mirniy district.

Currently diamond-bearing kimberlites are being searched for in six areas of the Alakit-Markhinsk kimberlite field. Geologists conduct core drilling of vertical exploratory wells.

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ALROSA acquires a unique drilling rig

The underground installation of the Orenburg Drilling Equipment Plant was purchased by ALROSA specifically for operation in a mine with particularly difficult mining and geological conditions.

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In the first nine months, Alrosa’s profit fell by 57%

In the first nine months of 2019, the net profit of diamond mining company Alrosa decreased by 41% and amounted to 42.239 billion rubles.

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Market review: optimism decreases.

On Monday highly liquid securities closed on average in the red.

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In September, Alrosa reduced diamond sales by 24%

In September 2019, volume of sales of Alrosa’s diamond products in value terms amounted to $258.7 million, the company said in a statement.

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Alrosa to allocate 28.3 billion rubles for dividends for the first six months of the year

An extraordinary general meeting of Alrosa’s shareholders, held on September 30, 2019, decided to pay dividends on results of the first six months of 2019 in the amount of 28.3 billion rubles

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