Story Behind Alrosa’s Surging Profits
Lucara profits for FY2025 are down 35%. Petra Diamonds losses for the year are up by 67%. And Mountain Province net losses for the first nine months of the year are up by almost 600%. Against that dismal backdrop, Alrosa, the sanctioned Russian miner, has just posted an 88% surge in profits. What on earth is going on? Headline figures rarely tell the whole story, and Alrosa is a case in point. The truth is that Alrosa is […]