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Top diamond miner ALROSA begins stripping operations at Mayskaya pipe in Russia

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(Kitco News) - Russia’s ALROSA, a leading global diamond mining company, announced Wednesday that it has launched stripping operations at the Mayskaya pipe in Russia and expects first diamonds from this deposit in 2025.

This project is located in the Nakyn ore field, close to ALROSA's existing Botuobinsky and Nyurbinsky open pits and processing plant #16. Once the production has achieved its design capacity of 300,000 tonnes of ore per annum, the deposit will bring approximately 1 million carats a year.

The Mayskaya pipe is one of the projects that will help ALROSA to achieve its mid-term production outlook of 35-36 million carats by 2025-2026, the company said in a statement.

The Mayskaya pipe was discovered in 2006. It is located 3 km southwest of the Botuobinskaya pipe in the Nyurbinsky district of Yakutia, which is approximately 300 km from the town of Mirny.

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Detailed geological exploration was completed in 2015. The deposit's total JORC resources are estimated at 12.7 million carats, capital expenditures are planned at around $75 million at the current exchange rate (RUB 5.6 billion) and included in the company's official capex outlook.

ALROSA is the leader of the world diamond mining industry, a Russian partially state-owned diamond mining company. ALROSA operates across nine countries and ten regions of Russia. 2021 ALROSA production outlook is ca. 32.5 million carats.

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