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Aikhal underground diamond mine extension project, Russia

14th June 2019

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Aikhal underground diamond mine extension project.

Location
Sakha Republic, Russia.

Project Owner/s
Alrosa.

Project Description
Alrosa’s management has approved the stripping and mining of the Aikhal pipe reserves 100 m to 400 m below the ground.

This will allow for the raw material base of the mining and processing division to be replenished by 20-million carats, and maintain production at 500 000 t/y of ore to 2044.

Potential Job Creation
The extension of the mine life will allow for more than 500 jobs to be sustained.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
The project will cost about Rb10-billion.

Planned Start/End Date
The main haulage level 100 m below surface will be built and put into operation first, and the construction of mine openings for under-lying beds will start in 2020. Extraction at new horizons (from 100 m to 400 m below surface) is planned to start by 2027.

Latest Developments
None stated.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Too early to state.

Contact Details for Project Information
Alrosa (Moscow), tel +7 495620 9250 or email info@alrosa.ru.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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