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Alrosa commences work on new Mir Mine

Alrosa says work is now under way on a huge, new $1.26bn mine to replace Mir, which closed after the 2017 flooding disaster that claimed eight lives.The production is expected to start in 2032.

Reserves of 173.5m carats have been identified at the new mine, known as the Mir-Gluboky (Mir Deep) project, said Marinychev.

Output is predicted to reach 2m tons of ore and 3m carats of diamonds annually for over 30 years, according to a Reuters report.

Production at Mir switched from open pit to underground in 2001 after it became the fourth deepest hole in the world.

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