Alrosa suspends production at low-margin assets producing 3% of diamonds

MOSCOW. March 18 (Interfax) - Alrosa is suspending production at low-margin deposits, which will reduce direct costs by 9 billion rubles during the year, the company said in a statement.

The decision will affect assets whose share in the 2025 production plan is less than 1 million carats of diamonds, or 3% of Alrosa's total production.

Mining at the Verkhne-Munskoye deposit's Zapolyarny and Magnitny open pits will be suspended from June 15, and at alluvial deposits in the Anabar River valley - Khara-Mas and Ochuos, operated by Alrosa's Almazy Anabara - from April 1.

The suspension at these sites will not affect the company's performance until 2026, since ore mined at the deposits will continue to be milled until next year, the company said.

Alrosa's diamond mining plan in 2025 remains unchanged at 29 million carats, the press release says.