off-the-wire

Alrosa unit suspends mining, transport operations for 3 months

Kitco Media
By Reuters
Published:
Updated:
Reuters
Alrosa unit suspends mining, transport operations for 3 months teaser image

Russian diamond miner Alrosa said on Friday that its subsidiary Severalmaz will suspend mining and transport operations from July 1 for around three months.

Processing operations will continue during the period, supported by existing ore stockpiles, the company said.

It said the decision was in line with its strategy to “maintain operational and financial resilience and to uphold discipline regarding the effective management of rough diamond sales flows in the diamond market”.

(By Anastasia Lyrchikova and Maxim Rodionov; Editing by Mark Trevelyan)

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