Water level makes it "too risky" for rescuers to try accesing area where miners were believed to be when the accident happened.
ALROSA Mining News
The world’s top diamond producer by output in carats still expects to produce about 39 million carats this year.
A total of 102 miners have been brought to the surface and another 33 miners have been located in the mine in Yakutia in eastern Siberia and are being evacuated.
Russia’s Alrosa, the world’s top diamond producer by output in carats, introduced Tuesday The Dynasty, a unique collection of diamonds manufactured at its cutting and polishing facilities.
The Aikhal division accounted for more than a third of the company’s total output in the period, having extracted 6.9-million carats of rough diamonds – a 26% year-on-year increase.
Both rocks, said ALrosa, are believed to be gem-quality.
Members of ALROSA Supervisory Board voted to approve Anton Siluanov, Minister of Finance of the Russian Federation, as Chairman of the Supervisory Board.
The world's largest diamond producer by output said market has refound its balance.
In 2016, ALROSA's investments in underground mines and other core production facilities amounted to RUB 16.5 billion or 60% of the Company's total capital investments.
The miner's Jubilee pipe is famous for its large finds.
ALROSA, the world leader in diamond mining, has announced diamond sale results for May and the first five months of 2017.
Son of Putin ally to focus on reduced costs in new role as CEO
PJSC ALROSA, the world leader in diamond mining, will participate in the development of a new diamond deposit in Angola.
Here are the top 10 diamond mines in terms of output in carats and value.
Russia's Federal Security Service is investigating the world's top diamond producer in relation to assets sales dating back years.
Alrosa, the world’s largest diamond miner by output in carats, has held an auction to sell industrial grade and gem quality natural rough diamonds in the Eurasian Diamond Centre.
The Russian miner said profit attributable to shareholders totalled $2.25 billion (131.39bn roubles) last year, versus $530K (30.67bn) roubles in 2015.
The target group was the the top diamond consumer in 2015, a year in which most commodities plummeted, hitting the mining industry very hard.
The world's top diamond producer by output in carats fetched $358 million in rough gems and $7.28 million in polished rocks last month.
The company's total diamond sales last month amounted to $255.2 million, 63% higher than in November last year.
Rough gems sales totalled $430.8 million in October, slightly less than the $435 million fetched in September.
Rough-diamond prices fell 18% in 2015 and some miners, such as Alrosa, believe synthetic gems were partly responsible for it.
The Russian miner, the world's top diamond producer by output, said it has become imperative for the industry to find effective ways to defend the market from illegal substitutions by synthetic gems.
Net profit for the period, however, increased substantially — up 61% from a year ago to 40.5 billion roubles ($625 million).
PJSC ALROSA, the world leader in diamond mining, will participate in the Second Eastern Economic Forum on September 2-3, 2016, as its official partner.