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APRIL 20, 2001  


ALROSA Plans to Increase Diamond Production up to $2 bn a Year

ALROSA company plans to increase diamond production volume during next 5 years up to $2 bn, RIA Novosti was informed in ALROSA Moscow Agency, stressing that volume of diamond production of 2000 was estimated at $1.5 bn.
It is expected that Zarnitsa deposit development and new pit construction will play an important role in this process. Capacity expected - about $1 bn a year.
During current year the company expects to sell raw diamonds and cut diamonds worth $2.056 bn and $273.4 mln respectively. Geological prospecting will also be increased.

Source: RIA Novosti


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