ALROSAs $2.8bn+ mines announced | Far East, Materials, extraction MarchmontNews.com

Far East | Materials, extraction

ALROSA’s $2.8bn+ mines announced

1 Sep '09
Diamond producer ALROSA has unveiled $2.8bn+ plans for three new mines to be built in Yakutia by 2014.

The aggregate capacity of the three mines is about 6 million tons of ore a year, the company said.

The Yakutian firm reportedly accounts for 25% of the world’s diamond production.