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Russias ALROSA confirms diamond reserves, resources under JORC

888MOSCOW, Nov 21 (PRIME) -- Russias uncut diamond mining giant ALROSA has confirmed its diamond reserves and resources under JORC Code at 967.5 million carats as of January 1, the company said Wednesday.

Diamond reserves account for 630.6 million carats, with proved and probable reserves amounting to 9.393 million carats and 621.162 million carats, respectively.

This is the companys first reserves audit provided by Micon International Co. The estimate includes ALROSAs largest deposit, which account for about 70% of its mineral resource base. The audit does not include ALROSAs share in Angolas Catoca Mining.

ALROSA generates 30% of the worlds uncut diamond output. In 2011, it mined 34.6 million carats of diamonds - a 1% increase.

End

21.11.2012 13:29
 
 
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