RJ Market Watch
ALROSA shutters some operations
Russian diamond miner ALROSA said Tuesday it is temporarily suspending mining at Aikhal underground mine and Zarya open pit starting May 15.
“The decision were taken due to the decrease in demand and sales for diamonds, as the major consuming economies are struggling with economic headwinds caused by the global spread of COVID-2019 virus,” said the miner in a news release.
Mining at Aikhal will be put on care and maintenance from May 15 to September 30, 2020. Zarya will be closed from May 15 to December 31, 2020.
Zarya employs 180 miners, Aikhal has 502 staff members. Part of the mine’s personnel will be involved in maintenance and other required continuous works. Personnel of suspended operations and auxiliary services will be partially laid-off, the remaining employees will be transferred to other assets or stay in the idle regime.
ALROSA said the pipes selected for closured have the lowest quality within the company’s portfolio.
Courtesy:Kitco
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