Industry News by Nemesis

Alrosa’s Mir Site Could Reopen in 2030

March 19, 2019

 

Mining operations at Alrosa’s Mir deposit won’t resume until at least 2030, as the company carries out work on the site that could take up to 13 years.

It will take approximately five years for the miner to conduct deep-level exploration and design work that will enable it to open the site safely. That will cost the company RUB 2 billion ($30.9 million), Alrosa said Monday. 

Alrosa will then decide whether to rebuild the mine, based on safety and economic considerations, it added. Construction and restoration is expected to take a further six to eight years, placing its potential operating date between 2030 and 2032. 

Mining activity at Mir was suspended in August 2017, following a flood that claimed the lives of eight Alrosa employees. 

Image: Mir mine. (Alrosa)

 

Source: Rapaport

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