Alrosa had 1.067 bln carats of rough diamonds and the company can mine them for at least thirty years at the current production level, the Russian diamond miner said on its official Russian media channel.
“In 2023, Alrosa had 1,067 bln carats of raw diamonds. If we divide this indicator by the production level in 2023, it can be easily ascertained that we will mine raw diamonds under the current diamond mining level with the established cost efficiency during more than thirty years,” Alrosa noted.
The company continues exploration for the purpose of developing the mineral and resource base. “It is obvious for us that new deposits will be involved, new open pits and mines will be constructed, and extra facilities for ore processing will be needed,” the company added.
The company focuses on geological exploration, mining, rough diamonds sales, diamond cutting and polishing. ALROSA mines diamonds in Russia in the Republic of Sakha (Yakutia) and Arkhangelsk region. The ALROSA Group headcount exceeds 30 thousand employees.
ALROSA is a listed company, and its shares are traded on the Moscow Exchange (ALRS ticker) with a free float of 34%. The rest 66% is owned by the Russian Federation, the Republic of Sakha (Yakutia) and local Yakutian municipalities. The company offers its shareholders sustainably high dividend yield and total return of investment.
ALROSA complies with high corporate governance standards. The Company is committed to sustainable development and international corporate responsibility standards. ALROSA participates in the United Nations Global Compact. Its social investments account for about 5% of the Group’s consolidated revenue.
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