RAPAPORT… 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)
Alrosa’s Mir Site Could Reopen in 2030
The Bottom Line
- Alrosa will spend RUB 2 billion ($30.9 million) over five years on deep-level exploration and design to ensure safe reopening of the Mir mine.
- The company will assess safety and economic factors before deciding to rebuild the mine.
- Restoration and construction could take an additional six to eight years, targeting a reopening between 2030 and 2032.
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