ALROSA Subsidiary Starts Mining at Karpinskogo-1 Kimberlite

ALROSA (MCX:ALNU) announced that its subsidiary, Severalmaz JSC, has begun ore mining at the Karpinskogo-1 kimberlite pipe. The pipe is part of the Russia-based M.I. Lomonosov deposit.

As quoted in the press release:

Stripping operations at a depth of about 36 meters on Karpinskogo-1 preparing the ore body for mining were held from 2009. In 2014 Karpinskoog-1 pipe will produce 0.6 million tons of ore, since 2015 this amount will increase to 2 milliion tons of ore per year. Large-scale ore processing will start in 2015. In the end of 2014 Severalmaz will refine small amounts of ore in a test mode to approve diamonds grade and adjust processing technology.

Click here to read the full ALROSA (MCX:ALNU) press release.