Russian mining giant Alrosa has announced that in 2017, its total diamond reserves increased by 57.8 million carats to 1.182 billion carats. Additionally, the miner spent RUB 8 billion ($140,640,000) on exploration last year.
According to a press release, the increase “in the reserves is connected with the prospecting and evaluation of deep levels of the Internatsionalnaya pipe […], calculation of reserves at deep levels of Yubileynaya pipe […] and completion of evaluation for the third stage of the buried Nyurbinskaya placer”.
Alrosa added that in 2017, the company implemented the first stage of the reform of its exploration complex, establishing three specialized competence centers: exploration, mining and drilling, scientific and analytical. The purpose of these changes “is to eliminate duplication of administrative and management functions [and] strengthen the role of the Chief Geologist Service in the exploration complex of ALROSA Group”.
