The ALROSA company is temporarily stopping diamond mining at several alluvial deposits in Yakutia. The decision is related to cost optimization and anticipation of the recovery of the global diamond market.
From April 1, ALROSA begins mothballing production at the Khara-Mas and Ochuos placer deposits in the Anabar River valley. These areas are being developed by the company’s subsidiary, Almazy Anabara. In addition, from June 15, production at the Zapolyarny and Magnitny open pits of the Verkhne-Munskoye deposit, which was launched in 2018, will cease.
According to the company, total production from these sites in 2025 would be less than 1 million carats – only 3% of ALROSA’s total production. Thanks to the suspension of work, the company plans to reduce direct costs by 9 billion rubles.
Conservation will be “hot” – this means that the infrastructure of the deposits will remain in working order for the rapid resumption of production when the diamond market recovers. The impact on ALROSA’s financial performance is expected only in 2026, since processing of already mined ore will continue until next year.
ALROSA remains one of the largest diamond producers in the world. In 2025, the company plans to produce 29 million carats, and the temporary shutdown of some production will help optimize costs in an unstable market.
Source: nedradv.ru.
