ALROSA Reports Lower Q2 Production

Reuters reported that Russia’s ALROSA (MCX:ALNU) said its output for 2014′s second quarter was 16 percent below its production in the year-ago quarter. In total, it put out 8 million carats.

The decline was “largely [the] result of the scheduled repair works and lower grade at one of its pipes.”

As quoted in the market news:

Alrosa, the world’s top producer by output in carats, also reported a 7 percent output decline for the first half of the year to 15.9 million carats with sales up 13 percent to $2.7 billion.

Click here to read the full Reuters report.