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Exploration may reveal Arkhangelsk Province has huge diamond potential

11 december 2019
news_11122019_arctic.pngOnly exploration performed in the Arkhangelsk Province can confirm the inferred diamond reserves and help discover new promising deposits. This was stated by Viktor Ikonnikov, Deputy Chairman of the Arkhangelsk Province Government for Project Activities at the IX International Forum, “Arctic: Present and Future” held last week in Saint Petersburg, according to REGNUM.
“Exploration for our region is a strategically important issue. The Arctic zone of the Arkhangelsk Province is rich in minerals. For example, we have more than 200 million carats of proven diamond reserves currently in commercial development. And, according to research, the amount of diamonds that can be discovered in the future is about 700 million carats. For this, it is necessary to conduct exploration. It is clear that this process is not simple and involves certain risks,” Ikonnikov said.
There are only two companies engaged in diamond mining in the Arkhangelsk Province - AGD DIAMONDS and Severalmaz.
It was previously reported that in the nine months of 2019, the companies produced a total of 5 million tons of ore and extracted 6.77 million carats of diamonds.

Victoria Quiri, Correspondent of the European Bureau, Rough&Polished, Strasbourg