ALROSA Announces Production and Sales Results for the Fourth Quarter and Full Year of 2016
January 31, 2017 at 12:37 am IST
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ALROSA announced production and sales results for the fourth quarter and full year of 2016. For the year 2016, diamond production totalled 37.4 million carats, down by 2% year-on-year as a result of a downward revision in production plans for the alluvial deposits in second quarter and third quarter of 2016, which is in line with the diamond market environment after 2015.
The 10% year-on-year growth in production in fourth quarter of 2016 is driven by ramping up diamond mining at ALROSA's underground mines and also by the fact that the Mir underground mine had reached its project capacity.
For the year 2016, the company sold 40.1 million carats of diamonds. Revenue from rough diamond sales is set to reach at least USD 4.3 billion.
For the fourth quarter of 2016, the company sold 10.1 million carats of diamonds, including 6.6 million carats of gem-quality diamonds at an average price of USD 127 per carat and 3.5 million carats of industrial diamonds at an average price of USD 6 per carat. Revenue from rough diamond sales amounted to at least USD 849 million in fourth quarter of 2016.
Alro SA is a Romania-based company engaged in the manufacture of aluminum. The Companyâs portfolio includes primary aluminum products, such as wire rod, billets, slabs, foundry alloys and ingots, as well as processed aluminum products, such as aluminum plates from soft, medium and hard alloys, including non heat-treated plates and heat-treated plates, sheets, coils, tread plates, embossed sheets and coils, corrugated and heat treated sheets and extrusions. Through its subsidiaries, the Company is also involved in the production of alumina and in the bauxite mining. The Company operates four main production units, including anode facility, electrolytic facility, cast house and processing plant, as well as ancillary and service units, such as electric current transformation and rectification unit, the metallurgical repairs unit, and the pot and furnace repair unit, among others. As of June 30, 2011, the Companyâs subsidiaries included Alum SA, Conef SA and Vimetco Extrusion Srl.
ALRO S.A. 
