ALROSA CEO expects compensation for Mir mine flood in AprЦMay - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

ALROSA CEO expects compensation for Mir mine flood in AprЦMay

DAVOS, Jan 25 (PRIME) -- Russian uncut diamond mining giant ALROSA expects insurance compensations for last yearТs flood at the Mir mine to start in AprilЦMay, CEO Sergei Ivanov told PRIME on Thursday.

УThere are many documents to sign, we need to have many verifications that equipment was destroyed, that workings were destroyed, that this cannot be restored, and that horizontal tunnels were flooded. We have collected the necessary documents, and Sogaz is now holding negotiations with a reinsurer, as far as we know,Ф Ivanov said.

УJudging by our practice Е I think it will take three to four months. We see no problems in this.Ф

Sogaz insured the equipment with a limit of 10 billion rubles.

УThe incident happened on August 4, so it is likely to take us about six or eight months after the incident. This is rather quick for compensations after incidents of that scale. I think we will start receiving compensations some time in April or May,Ф Ivanov said.

(56.3888 rubles Ц U.S. $1)

End

25.01.2018 12:07
 
 
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