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ALROSA's Diamond Reserves Jump to 1.1B Carats

Feb 29, 2016 9:02 AM   By Rapaport News
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RAPAPORT... ALROSA’s diamond reserves at the start of 2016 increased by 43.6 million carats to 1.11 billion carats by Russian state classification standards, the miner reported.

The bulk of the company’s geological exploration in 2015 was carried out in the Yakutia region of Russia, according to a statement February 26.

In 2015 the miner calculated and approved the reserves of the Mayskoe deposit and the Dalnyaya, Nyurbinskaya and Botuobinskaya pipes. The company’s geologists also carried out exploration at the Verkhne-Munskoe deposit, the Zarya pipe and deep layers of Internatsionalnaya pipe.

Geologic exploration was completed on the Pionerskaya and Pomorskaya pipes in the Arkhangelsk region. ALROSA is also proceeding with exploration in Africa, the statement said.

Total financing of exploration came to $82.8 million (RUB 6.3 billion), of which about $80.2 million was allocated to operations in Yakutia.
Tags: Alrosa, diamond reserves, mining, Rapaport News, Russian, Yakutia
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