On Monday, the CEO of the Russian diamond mining company ALROSA held a meeting with the head of the Republic of Yakutia to discuss the group’s work plans for 2024.
ALROSA CEO and chairman of the board Pavel Marinychev noted that all key operating and financial indicators of the company are being met in full. According to him, the company has created a financial “cushion” that will allow it to survive a difficult period in the diamond industry.
“The company has prepared for the crisis that is present in the global diamond market this year,” said Marinychev.
According to him, in 2024 ALROSA will have to make a number of important investment decisions regarding the prospects of its deposits.
“The company needs to switch to underground diamond mining, and these decisions need to be made today. In addition, it is necessary to bring smaller deposits online so that in the future there will be a mineral resource base for launching the required production capacities,” he said.
The head of Yakutia Aisen Nikolaev brought attention to ALROSA’s social initiatives and interactions with local administration. Marinychev noted that the company will continue to develop its social responsibility policy.
Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished
