Alrosa Re-opens another Mine as Demand Recovers

By John Jeffay / July 15, 2021 / www.idexonline.com / Article Link

(IDEX Online) - Alrosa has resumed operations at another low-output mine, as the demand for rough recovers.The Zarnitsa open-pit mine (pictured), in Yakutia, Russia, stopped production in May 2020 as the market slumped, but the state-owned miner said it resumed operations on 1 July.Ore from Zarnitsa - one of the first primary diamond deposits discovered in the then-USSR -  will not be processed until next year, when production volume is predicted to be 600,000 carats, double the figure for 2020.Last month Alrosa re-opened another low-output deposit, the Zarya open pit, also in Yakutia, which produced 257,000 carats in 2020.Earlier this week it warned of "a long period of supply deficit" as demand remained high, rough diamond stocks at the Indian mid-stream segment were low, and miners' rough stocks hit rock bottom levels.

Recent News

Monetary-driven precious metals outperform major base metals

September 09, 2024 / www.canadianminingreport.com

Gold stocks hit by plunging equities markets

September 09, 2024 / www.canadianminingreport.com

Gold stocks down as metal and equities momentum fades

September 02, 2024 / www.canadianminingreport.com

Another Kazatomprom guidance announcement shakes uranium price

September 02, 2024 / www.canadianminingreport.com

Major monetary drivers still supporting gold

August 26, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok