Non-fueled minerals extraction
Public Joint Stock Company ALROSA, the world leader in diamond mining, has announced rough and polished diamond sale results for January 2017.
Rio Tinto has decided to gift the Bunder diamond project in India to the Government of Madhya Pradesh after a comprehensive review.
ALROSA’s 2016 diamond production totalled 37.4 million carats, down by 2% year-on-year as a result of a downward revision in production plans for the alluvial deposits in Q2 and Q3 2016, which is in line with the diamond market environment after 2015.
Based on the results of the estimation in accordance with the JORC code conducted by Micon, an independent expert, ALROSA’s resources totalled 1,030 million carats, while its reserves amounted to 653 million carats.
PJSC ALROSA, the world leader in diamond mining, has announced rough and polished diamond sale results for December 2016 and interim results for 2016. Rough diamond sales by ALROSA Group in December 2016 amounted to USD 173 million.
Dundee Precious Metals Inc. (TSX:DPM) announced that it has entered into a definitive agreement with respect to a C$43.7 million strategic equity investment in DPM by the European Bank for Reconstruction and Development
The Board of Directors of PJSC «MMC «NORILSK NICKEL» (hereinafter Nornickel or the Company), the leading global nickel and palladium producer, approved the Company’s budget for 2017.
On 14 December 2016 ALROSA repaid a $370 mln bank loan to JSC UniCredit Bank received in April 2014. The bank loan was repaid with cash from operations, thus reducing debt down to $2.3 bn.
PJSC ALROSA, the world leader in diamond mining, has announced the initiation of the procedure to rename its foreign-based trading subsidiaries and affiliates ARCOS.
Market News alert Lucara Diamond Corp
Rio Tinto has appointed two executives to its management team to step up performance in its people and partnering capabilities, which are core enablers of the company’s strategy and long-term focus under chief executive J-S Jacques.
Ilya Yaroshevich, Chief Legal Officer, became a member of the Management Board of the Russian-Chinese Legal Society.
ALROSA’s 9M 2016 revenue increased by 48% y-o-y and totaled RUB 255.6 bn. EBITDA grew by 67% y-o-y to RUB 150.0 bn, with EBITDA margin totaled 59%.
ALROSA, the world leader in diamond mining, is launching satellite radar monitoring of the earth surface displacement in the areas of its diamond deposits.