Joint Stock Company "Diamonds of Anabar", a member of the ALROSA Group, to mine diamonds from the alluvial deposits in the Arctic territory, reported an increase in revenue for the first 9 months of 2016 according to RAS.
Revenues for the first 9 months of 2016 increased by 59% compared to the first 9 months of 2015 and amounted to 15 175 million rubles.
Net income increased by 2.5 times and amounted to 2687 million compared with the first 9 months of 2015.
Adopted by diamond mining plan for 2016, taking into account contractual works was exceeded by 2.9%. Mining diamonds in two companies - JSC "Diamonds of Anabar" and JSC "Nizhne-Lensky" was at the end of the wash season 2016 5146 thousand carats..
JSC "Diamonds of Anabar" for 9 months of 2016 repaid the loans in 6049 million rubles, reducing the debt to 21,669 million rubles to 15,620 million rubles.
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Representatives of the Angolan diamond company Endiama state noted that production at the mine Luashe (Luaxe), the largest of the kimberlite projects in the country, will begin at the end of next year.
The annual production rate at the mine is expected to reach 8-10 million carats per year. Because of this diamond production in Angola will exceed 16 million carats a year, bringing in watches over more than $ 2 billion.
CEO Carlos Sumbula (Carlos Sumbula) said the African Council on Mining, held in Cape Town that the kimberlite, discovered together with the Russian company ALROSA last year, exceeding the size of mine Catoca (Catoca).
To date, the Catoca mine produces about 80% of Angolan diamonds.
"I'm happy to tell you the good news in the last year, we found the largest kimberlite in Angola, -. Sumbula said -. Luashe larger rink, which currently is the fourth largest kimberlite mine in the world."
Although Endiama received only preliminary data on Luashe, it is expected that the project lifecycle will be 30 years, and its reserves are estimated at about 350 million carats.
In Endiama noted that exploration on the project will be completed by the middle of next year, and the technical, economic and financial justification Luashe be completed shortly thereafter.
Start of work on Luashe Angola was approved by the Cabinet in September last year.
Sumbula reiterated that his company is looking for investors for exploration projects.
"Invest in exploration in Angola, and together we can find a large kimberlites like Luashe", - he said.
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