Severalmaz increases diamond output 21% to 1.9 mln carats in H1

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Arkhangelsk, July 22, 2019 – PJSC Severalmaz (the Lomonosov Mining and Processing Division), a subsidiary of ALROSA, announced the results for the first six months of 2019. During this period, the company produced over 1.9 million carats of rough diamonds, which is almost 340 thousand carats more than in the same period last year (+21%).

In January-June, the Lomonosov Mining and Processing Division mined 1.8 million tons of ore and processed almost 1.7 million tons.

More than 700 special size rough diamonds (over 10.8 carats) were extracted from the processed ore. The largest of them were two gem-quality diamonds weighing 69 and 43 carats. The cost of individual stones of this weight reaches $200,000-300,000 per crystal.

“In the first half of the year, we delivered good results in diamond mining due to the involvement of deeper horizons with higher diamond grades at both kimberlite pipes. The average diamond grade has increased by more than 25% to 1.13 carats per ton of ore compared to the first half of last year," commented Andrey Pismenny, CEO of Severalmaz.

The share of Severalmaz in the total output of ALROSA Group amounted to 10.9% in the first six months of the current year, 1 pct higher than in the previous year.

In the first half of the year, Severalmaz transferred 862 million rubles to the Arkhangelsk region budget, this is 72 million rubles higher that in the same period of 2018. In particular, 17.4 million rubles was allocated to the treasury of the Primorsky district and its settlements.

Reference:

PJSC Severalmaz, a subsidiary of PJSC ALROSA, operates in the Arkhangelsk region. Currently, the company develops two kimberlite pipes – the Arkhangelskaya pipe and the Karpinsky-1 pipe.

This page was last updated on 22 July 2019 at 16.53