Alrosa cuts output forecast by 17%

The Russian diamond producer expects to produce 28-31 million carats this year instead of the previously flagged 34 million. It is also suspending production at its Verkhne-Munskoye deposit.
Alrosa cuts output forecast by 17% Alrosa cuts output forecast by 17% Alrosa cuts output forecast by 17% Alrosa cuts output forecast by 17% Alrosa cuts output forecast by 17%

Alrosa's Verkhne-Munskoye diamond deposit

Alrosa already in May announced the suspension of two low-margin operations due to the fall in demand from the coronavirus pandemic.

It was planning on keeping one of those assets closed until the end of the September and the other one until the end of December.

The company is looking at restarting Verkhne-Munskoyeon October 1, 2020.