Equities

ALRS

RU0007252813

Non-Gold Precious Metals & Minerals

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Mar. 28	Russia confirms deal to buy part of diamond producer Alrosa's output	RE
Mar. 14	Russian diamond ban creates costly delays, Antwerp diamond dealers say	RE

AK Alrosa : ALROSA starts removing ore from Verkhne-Munskoe deposit

October 04, 2017 at 05:15 am EDT

The first ore from Zapolyarny open-pit mine of Verkhne-Munskoe kimberlite field in the Republic of Sakha (Yakutia) was delivered to the stockpile of the processing plant No. 12 at Udachny Mining and Processing Division. There are plans to remove a total of 75,000 tons of ore from the new deposit before the end of the year.

All the transported ore will be processed at the processing plant No. 12. Experts will confirm the diamond content in ore and develop the processing technology. It is necessary for the start of the commercial operation of the deposit that is scheduled for 2018.

On October 2, Scania road train had its first test run to confirm that the equipment and the road are ready for the removal of ore. Since October 4, four road trains have started regular trips: one Scania road train and three Volvo road trains, all with the load capacity of 95 tons. The road train covers the distance from the motor depot of Udachny Mining and Processing Division to Zapolyarny open-pit mine in 5-6 hours non-stop on the average, the return trip takes the same time.

Finishing and furnishing works for the service lane from Udachny Mining and Processing Division to the deposit are underway: temporary road signs are being installed, the roadbed forming the upper structure of the road is being filled, ice-melting materials are being brought.

The development of Verkhne-Munskoe deposit is ALROSA's largest investment project. The deposit is located 170 kilometers from Udachny Mining and Processing Division. Four kimberlite pipes have been explored so far: Zapolyarnaya, Deimos, Novinka, Komsomolskaya-Magnitnaya. Their aggregate inventory is 64.8 million tons of ore with the average grade of 0.6 carat per ton, totaling 38.4 million carats. The deposit development period is until 2041. The commissioning of the enterprise is scheduled for 2018. Once the design capacity is reached in 2019, the enterprise will produce 3 million tons of ore per year. The budget revenue for the entire period of mining is expected to reach RUB 187.5 billion. The project will create more than 700 new jobs in the Republic of Sakha (Yakutia).

This page was last updated on 04 October 2017 at 12.08

ALROSA PJSC published this content on 04 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 October 2017 09:14:08 UTC.

Original documenthttp://eng.alrosa.ru/alrosa-starts-removing-ore-from-verkhne-munskoe-deposit/

Public permalinkhttp://www.publicnow.com/view/8AD4064E988BBB6117554D2B651442CC772792D5

Latest news about ALROSA

Russia confirms deal to buy part of diamond producer Alrosa's output	Mar. 28	RE
Russian diamond ban creates costly delays, Antwerp diamond dealers say	Mar. 14	RE
EU, G7 indirect Russian diamond ban comes into effect	Mar. 01	RE
Public Joint Stock Company ALROSA Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 25	CI
UK announces new Russia sanctions to mark Ukraine invasion anniversary	Feb. 22	RE
EU adds Russia's biggest diamond producer Alrosa to sanctions list	Jan. 03	RE
Russia's Alrosa 2023 diamond output falls to 34.6 mln carats	Dec. 22	RE
Russia says it will have no trouble skirting latest EU sanctions	Dec. 19	RE
Angola's new diamond mine opens against backdrop of weak demand	Nov. 27	RE
EU plan for new Russia sanctions to go to members this week - Borrell	Nov. 13	RE
EU to host 3-day G7 technical meeting on Russian diamond ban next week - sources	Nov. 09	RE
EU countries to debate of 12th package of Russia sanctions next week - officials	Nov. 08	RE
In diamond centre Antwerp, Russian gems are already shunned	Nov. 03	RE
G7 plan to ban Russian diamonds to further dim industry sparkle	23-10-30	RE
G7 to discuss four versions of Russian diamond ban this week- sources	23-10-19	RE
G7 to discuss four versions of Russian diamond ban this week- sources	23-10-18	RE
Indian trade bodies call for two-month halt to rough diamond imports	23-09-27	RE
India visit next week as G7 looks to take the shine off Russian diamonds	23-09-21	RE
Alrosa suspends rough diamond allocations for Sept-Oct - India's trade body	23-09-20	RE
G7 to announce Russian diamonds ban in 2-3 weeks - Belgian official	23-09-15	RE
India asks US to release funds frozen over suspected Russia diamond link -sources	23-08-30	RE
Russia's Alrosa reports strong diamond sales despite sanctions	23-08-14	RE
Public Joint Stock Company ALROSA Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-13	CI
De Beers-Botswana deal signals rocky road for rough diamonds	23-07-03	RE
Russian rouble recovers some ground after volatile week	23-06-19	RE

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Company Profile

PJSC Alrosa specializes in exploring and extracting diamonds. Net sales break down by activity as follows: - production and sale of diamonds (93.9%); - transport services (2.7%); - gas sales (1.4%); - operation of social infrastructure (1.2%): residential units, sports complexes, cultural facilities, etc.; - other (0.8%). Net sales are distributed geographically as follows: Russia (12.1%), Belgium (36.1%), India (20.1%), United Arab Emirates (20.1%), Israel (8.2%), Switzerland (1.1%), China (1%) and other (1.3%).

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Non-Gold Precious Metals & Minerals

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