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Alrosa to Begin Production on $1B Asset
Jul 22, 2018 4:31 AM
By Rapaport News
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RAPAPORT... Alrosa will begin production next year on its new Zarya
deposit, estimated to contain over $1 billion in diamond reserves.
The mine contains approximately 3.5 million carats, and will
replace production from the miner’s Komsomolskaya pipe, which is nearing end of
mine life.
“The open-pit mine construction is planned to be completed
in 2019,” Timofey Baishev, deputy head of production of the Komsomolsky mine,
said Friday. “[It] is expected to reach its design capacity of 1,250 million
tons of ore annually in 2021.”
Alrosa’s Aikhal Mining and Processing Division will operate
the mine, at a cost of about $189.9 million (RUB 12 billion).
Image: Komsomolsky mine; Credit: Alrosa
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Tags:
Aikhal Mining and Processing Division, Alrosa, Komsomolskaya pipe, Rapaport News, Timofey Baishev, Zarya, Zarya mine
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