Login

Vallabhbhai Shamjibhai Patel tells about the ongoing construction of the Surat Diamond Bourse

The under-construction Surat Diamond Bourse (SDB) is India's second diamond trading hub based at Surat, Gujarat, spread across 35.54 acres with more than 4,000 offices for national & international traders. On the onset, the project which...

Yesterday

The strategy of regulating the Russian jewellery industry

At the General Meeting of the Russian Jewellers Guild Association held in April, two principally important documents were adopted: The Strategy of Regulating the Jewellery Industry of Russia and The Charter of a Good Faith Taxpayer. Besides, the issues...

13 june 2018

Our first priority is to better understand artisanal and small-scale mining - Elodie Daguzan

The Diamond Development Initiative (DDI), the organization dealing with the traditional diamond mining, recently announced the appointment of Élodie Daguzan as its first Goodwill Ambassador. Ms. Daguzan, who currently works as head of communication...

04 june 2018

Zimnisky on De Beers’ Lightbox: It’s a strategic, bold move that will benefit the entire natural diamond industry

De Beers shocked all and sundry end of May when it announced the launch of a new company called Lightbox Jewelry, which will market a new brand of laboratory-grown diamond jewellery in September. This effectively meant that the group had departed from...

01 june 2018

Tracking the provenance and lifecycle of a product is a natural and necessary evolution in our industry

A senior executive with a demonstrated history of working globally at management and board levels, Marcus ter Haar has been the Managing Director at Okavango Diamond Company (ODC), Botswana for about 10 months now, prior to which he held the...

28 may 2018

ALROSA to invest 12 billion rubles in a diamond field in the Arkhangelsk Region

12 march 2018

The project is expected to last until 2043

(TASS) - ALROSA will invest 12 billion rubles in the further development of the Lomonosov diamond field in the Arkhangelsk Region. Andrey Pismenny, CEO of Severalmaz (a subsidiary of ALROSA) told this to journalists on a visit to the company’s mining complex.
"It was decided to scale up the project with a lifetime until 2043. Our deposit consists of six diamond pipes, and we are currently working on the so-called southern group of diamond pipes developing the Arkhangelskaya and Karpinsky-1 diamond pipes. It was decided to reconstruct these quarries increasing the amount of extracted ore. <...> This will be the third stage [in the development of this field], and the reconstruction of the Karpinsky-1 and Arkhangelskaya diamond pipes is estimated at 12 billion rubles," he said.
As Pismenny explained, this year his company will start designing a project and purchasing additional mining equipment. "According to our estimates, we will work on the southern group of diamond pipes until 2035, and then starting from 2035 onwards, we will move to the northern group of diamond pipes that are located 5-6 km from the southern group and include the Pionerskaya and Lomonosovskaya diamond pipes, which will be mined until 2043-2045," he explained.
Severalmaz is a Russian diamond mining company, a subsidiary of ALROSA. It owns a license for Europe's largest diamond deposit named after Mikhail Lomonosov, the development of which began in 2005 when the company launched a mining and processing plant with a production capacity of 1 million tons of ore per year. The second stage in the development of this enterprise is considered to have commenced in 2014, when the company commissioned the second module of the factory able to process 3 million tons of ore per year.
There are two diamond deposits in the Arkhangelsk Region. The second one - named after Russian geologist Vladimir Grib – is being developed by Arkhangelskgeoldobycha. In 2017, the revenue raked in by diamond mining companies in the area reached almost 25 billion rubles. Of these, they paid nearly 4 billion rubles in taxes. According to experts, the Arkhangelsk Region produced about 7.5 million carats of diamonds in 2017.

Comments

Only registered users can add comments (Register, Login)