ALROSA: Resources Up 12% to 1.077 Bn Cts, Reserves at 658 Mn Cts ‎

Finance and Trade
16/05/2016 05:52

In a resource update, Russian diamond mining giant ALROSA said an independent verification showed its resources as of January 1 rose 12% on a previous valuation in 2013 to 1.077 billion carats, while reserves were 658 million carats, an 8% increase on three years ago. The rise in resources were due to an evaluation from several new sources, including the Verkhne-Munskoe deposit, the Zaria pipe in the Aikhal division, the Pionerskaya and Lomonosov pipes in the Lomonosov division and alluvial deposits including AO Nizhne-Lenskoe. ALROSA is the largest producer in the world, easily outstripping De Beers, with rough production in 2015 of more than 38.3 million carats, more than 10 million carats more than its competitor.