In 2030, diamond production in Yakutia will fall twice

Russian largest mining company Alrosa estimates 16.9 million ct in 2030
In 2030, diamond production in Yakutia will fall twice
07 October 17:21 2016 Print This Article

In 2030, diamond production in Yakutia (Republic of Sakhalin) will fall to 16.9 million ct, which is half of estimated 34.9 million ct in 2016, reports TASS with reference to the Ministry of Industry of the Republic. “The estimates were made based on the Alrosa development strategy plan,” the ministry said.

Last year, 36.3 million ct were mined in Yakutia, which accounts for 80% of total Russian reserves.

Alrosa, the country’s largest mining company, keeps on exploring new fields in the territory. However, experts believe new diamond deposits are very unlikely to be found as all major ones were already found and developed.

“Most of the deposits in the republic begin to be exhausted. There are further explorations undergo in the Arctic zone”, said experts from the Institute of Diamond and Precious Metal Geology of SB RAS.

Among the most promising development projects is Upper Muna deposits discovered by Alrosa back in 2007. It is located 180 km from Udachninsk GOK and consists of four kimberlite pipes. The field is one of the largest explored in recent years. Development of this field requires 63 billion rubles.

At the II Eastern Economic Forum, Alrosa signed an investment agreement for its development with the Ministry for Development of the Russian Far East. According to the document, the annual capacity of the deposit will account to 1.7 million ct. It is believed Upper Muna will reach its full capacity in 2020.

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