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Botswana Diamonds’ Campbell on Zim jaunt: We are interested in Kaapvaal Craton

Botswana Diamonds and Vast Resources, recently signed a memorandum of understanding to prospect for diamonds in Zimbabwe. The two companies will exchange information derived from past exploration on areas prospective for diamonds in the southern African...

09 july 2018

“Every Forevermark diamond has a unique inscription number which is an assurance that the diamond is beautiful, rare and responsibly sourced,” says Sachin Jain

Sachin Jain, President-Forevermark, joined the company - a wholly owned subsidiary of the De Beers Group - as the Head of Retail in 2010. He was swiftly promoted to the Managing Director in 2011… to later become the President in year 2013. Sachin started...

02 july 2018

In a world where transparency is more and more the standard, our business must address the lab grading issue willingly

Jeweler-Designer Arnaud Flambeau started his career in the jewelry business in 1993 at European Gold Company CLAL as Key Account Manager for the Jewelry Division, where he was in charge of international brands like Cartier or VCA and their subcontractors...

25 june 2018

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...

18 june 2018

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

ALROSA to revise output plan at its International underground mine due to stricter health and safety policy

21 june 2018

ALROSA's management decided to revise output plan at its International underground mine as the company toughens its approach to health and safety management, though its 2018 production plan remains unchanged.

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Image credit: ALROSA


Results of the audit conducted following the Mir mine accident back in 2017 led to revision of the construction project for the International mine. The Company decided to suspend the construction of deep mine levels below the level -800 meters whereas it is necessary to carry out works to prevent gas-dynamic phenomena recorded here. Mining at lower levels is expected to resume in the end of 2018 when studies will be carried out and expert recommendations will be received. At the same time, the intensity of mine footage is expected to be reduced for safety reasons. According to preliminary estimates, mining operations below the level -800 meters will be fully restored in 2023, after which the underground mine will return to its designed capacity of 500,000 tonnes.
ALROSA's production plan for 2018 remains unchanged at 36.6 million carats. According to the Company's estimates, from 2019 to 2022, the decline in production at International will be between 0.5 and 0.8 million carats per year. "This decision means changes in sequence of mining and preparing the ore body. Now we are starting planning for the next years, during which we will consider the existing options to intensify production at other fields and balance the production plan. We will also work to reduce the time required for the implementation of the necessary activities at the International mine," said ALROSA First Deputy CEO - Executive Director Igor Sobolev.
"In our decision to reduce pace and output we were guided by new stricter rules governing health and safety system.Our employees' health and safety are an absolute priority for us," said CEO Sergey Ivanov.


 

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