Boliden’s Q2 earnings disappoint despite near fivefold rise
The miner said higher metal prices boosted its earnings, while lower treatment charges and metal premiums weighed on the result.
World’s top diamond producer by output Alrosa (MCX:ALRS) made $90 million in six auctions held in Israel this year.
The auctions were for large rough diamonds, with the latest one focusing on special size gems larger than 10.8 carats — and it fetched $17 million. 100 companies from Israel, Belgium, Hong Kong, India, UAE, the US, and Russia were invited to participate, and 44 took home the coveted stones.
In a press release, the Russian miner said that during the November 4-22 auction, 105 gem-quality rough diamonds were sold with a total weight of 1906 carats.
“The results of this year’s last auction in Israel confirm the stable demand for our products in this country — the total starting price has been significantly exceeded,” Evgeny Agureev, Director of the USO ALROSA, said in a media brief.
