Anabar Diamonds, a subsidiary of ALROSA, received a license for the Ulaakh-Muna alluvial diamond deposit in Yakutia, according to state auction documents revealed by the Prime news agency.
The auction, which took place on July 25, was declared invalid, as only one application (by the Anabar Diamonds) was submitted for the auction. Still, the company will pay 15.5 million rubles for the license, up from a starting price of about 14 million rubles.
The license will be granted for 15 years.
The alluvial deposit Uulaakh-Muna is located on the territory of the Olenek Evenki district in Yakutia, 176 km southeast of the Olenek village, the administrative center of the region.
The area of the concession is 16.21 sq km. Off-balance reserves are estimated at 426 000 carats of diamonds with an average grade of 0.1 carats per cubic meter, of which C1 grade is 414 000 carats, and C2 grade is 11 600 carats.
Projected P1 resources for the project are 1.45 million carats of diamonds.
Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished
