Alrosa’s resources estimated in over 1 billion carats – by Valentina Ruiz Leotaud ( – March 17, 2019)

The world’s top diamond producer by output, Alrosa (MCX:ALRS), published this week an updated estimate of its Joint Ore Reserves Committee or JORC reserves and resources.

“The JORC Code-compliant report from Micon’s independent experts estimated Alrosa’s diamond resources and reserves as of 1 July 2018 at 1,064 million carats and 628 million carats, respectively,” the miner said in a press release.

With offices both in the United Kingdom and in Canada, Micon is an independent firm of geologists, mining engineers, metallurgists, and environmental consultants.

To run its estimate, Micon considered Alrosa’s assets located within the Russian Federation. Such properties include both operating mines and processing plants, and projects at various stages of development.

In detail, the report includes an evaluation of the deposits developed by the company’s four principal divisions, the Udachny, Aikhal, Mirny and Nyurba mining and processing divisions, and also by the subsidiary mining companies, PAO Severalmaz, and AO Almazy Anabara.

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