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13 OCTOBER 2004  

Lomonosov Mining Complex

According to the programme of Lomonoosv diamond deposit development, in the nearest future Severalmaz Company is to build diamond mining factory and to start the deposit exploitation.

Now the factory construction has been started and the first equipment supply is expected soon. In the second quarter 2005 the factory will be launched. It is expected that at the very beginning 450 thou tons of ore will be processed. The planned profit of the factory totals to $38 mln for five years. The whole Lomonosov Mining Complex is expected to start working in 2009.



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