Alrosa reaffirms 2017 guidance of 5% production growth

Diamond giant Alrosa remains on track to produce 39.3-million carats in 2017, the company’s first VP Igor Sobolev reported this week, pointing out that output for the first nine months of the year had increased by 6% year-on-year. Alrosa produced 29.54-million carats in the first nine months of the year, compared with 27.88-million carats in the same period last year. Solobev explained in a media statement that its production had increased as a result of more active alluvial operations and higher output from strategic assets, such as the Udachny underground mine and the Karpinskogo-1 pipe, operated by Severalmaz.