Alrosa's Mir Site Could Reopen in 2030

RAPAPORT... Mining operations at Alrosa's Mir deposit won't resume until at least 2030, as the company carries out work on the site that could take up to 13 years. It will take approximately five years for the miner to conduct deep-levelexploration and designwork that will enable it to open the site safely. That will costthe company RUB 2 billion ($30.9 million), Alrosa said Monday. Alrosa will then decidewhether to rebuild the mine, based on safety and economic considerations, it added. Construction and restoration is expected to take a furthersix to eight years, placing its potential operating date between 2030 and 2032.  Mining activity at Mir was suspended in August 2017,following a flood that claimed the lives of eight Alrosa employees. Image: Mir mine. (Alrosa)