Alrosa expects Mir mine restoration only after 2024

Mine restoration at the Mir diamond mine, which flooded about a year-and-a-half ago, is only expected to start after 2024, Russian miner Alrosa reported on Monday, detailing the timelines for the potential restart of the Siberian underground operation.

To decide on the mine’s fate, Alrosa would start embark on exploration down to 1 300 m to confirm the operation’s reserves. Budgeted to cost two-billion ruble, these activities were scheduled to be completed by early 2022.