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RAPAPORT... ALROSA's chief engineer,
Andrey Pismenny, was appointed to the position of CEO of Severalmaz, which operates in the Arkhangelsk region. Pismenny signed a contract for a period of five years.
Since 2005, Severalmaz has been developing the Lomonosov diamond field and in 2014, the company completed the second module of the processing plant, quadrupling its processing capacity to 4 million tons of ore per year.
With the current processing capacity, Severalmaz began mining at the Karpinskogo-1 pipe in addition to its existing Arkhangelskaya pipe. Severalmaz anticipates increasing diamond production to 2 million carats this year and then to more than 5 million carats from 2016 onward.
Severalmaz is an important part of ALROSA’s long-term development program that targets production growth of more than 41 million carats by 2019.
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