Indonesia curbing nickel supply to support locals, Eramet says
The French miner was this year given a sales quota by the Asian nation that was 29% less than it expected.
Alrosa sold rough diamonds to the Russian state gem repository Gokhran in 2Q 2012, according to a report from the company.
The exact size of the sale was not disclosed, but it is known that Alrosa’s board had approved selling up to $130 million worth of rough diamonds.
These are Alrosa’s first sales to Gokhran since the economic downturn hit in 2009.
Alrosa said the sales were a measure aimed at maintaining acceptable price levels as the company’s clients signaled that they were experiencing financial trouble in 2H 2011.
Source: Diamond.Net via BrightWire News
