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ALROSA’s Diamond Reserves Jump 8%
May 16, 2016 6:31 AM
By Rapaport News
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RAPAPORT... ALROSA’s diamond reserves rose as
the miner reported a higher evaluation of its Mir and International pipes.
Reserves grew 8 percent to 658
million carats as at January 1 compared with the previous valuation in July
2013, ALROSA said.
The evaluation was undertaken in
accordance with the Joint Ore Reserves Committee (JORC) code. An earlier evaluation that followed Russian state classification
standards showed reserves of 1.11 billion carats.
The increase in reserves was also
because of the inclusion of alluvial deposits such as AO Nizhne-Lenskoe in the
evaluation.
Diamond resources grew 11 percent
to 1.1 million because more mining sites were included in the scope of the
evaluation.
A mineral reserve is the
economically mineable material derived from a measured or indicated mineral
resource or both, according to the SAMREC Code.
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Tags:
ALROSA. resources, mining, Rapaport News, reserves
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