Advanced Search

ALROSA's Reserves at 631M Carats

Nov 21, 2012 2:17 PM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... ALROSA released the results of its first mineral audit, which covered about 70 percent of its Russian resource base, excluding  the Catoca venture in Angola. 

The audit was carried out by Micon International Co. Ltd.  in compliance with JORC standards. As of January 1, 2012, ALROSA had 967.5 million carats in rough diamond resource, with 9.4 million carats measured, 646.5 million indicated and 311.6 million inferred. The mining giant held 630.6 million carats in reserve with 9.4 million proven and 621.2 million carats categorized as probable.

ALROSA intends to provide additional reserve updates on a periodic basis and also expand the scope of its JORC audit to include other deposits in the future, according to its statement.

This first audit covered the Udachny, Aikhal, Mirny, Nyurba, Lomonosov and Anabar assets in Russia.

Tags: alrosa reserves audit, Jeff Miller
Similar Articles
Petra CullinanPetra Diamonds Notes Shaky Demand
Oct 25, 2022
Petra Diamonds has extended its latest sale after experiencing “unusual market conditions” in certain rough
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First