May 5, 2020 / 8:37 AM / a month ago

Russian diamond monopoly Alrosa halts two projects

MOSCOW, May 5 (Reuters) - Alrosa will suspend two mining projects due to poor demand and falling sales, the Russian diamond monopoly said on Tuesday, citing the impact of the coronavirus.

The Aikhal underground mine and Zarya open pit projects will be put on hold from May 15, it said. (Reporting by Andrey Kuzmin; editing by Jason Neely)

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