RussiaТs ALROSA confirms diamond reserves, resources under JORC
MOSCOW, Nov 21 (PRIME) -- RussiaТs 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 companyТs first reserves audit provided by Micon International Co. The estimate includes ALROSAТs largest deposit, which account for about 70% of its mineral resource base. The audit does not include ALROSAТs share in AngolaТs Catoca Mining.
ALROSA generates 30% of the worldТs uncut diamond output. In 2011, it mined 34.6 million carats of diamonds - a 1% increase.