ALROSA may launch production at Mir mine in 2031–2032

MOSCOW, Jun 6 (PRIME) -- Russian diamond mining giant ALROSA plans to restore production at its Mir mine in 2031–2032, the company said in a presentation on Thursday quoting preliminary estimates.

The total cost of the mine’s restoration may reach 73 billion rubles, and the internal rate of return is 18.3%. The production goal is 3.8 million carats per year, and the resource base is 68.6 million carats, the company said.

The company will make a final decision on the project only after it finishes a feasibility study, it said.

The Mir mine was flooded in August 2017, killing eight miners and flooding the well, which accounted for about 10% of the company’s diamond output.

(65.1243 rubles – U.S. $1)

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