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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.
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.