Alrosa will construct a new $1.5 billion mine at Mir.

In response to the 2017 flooding disaster that killed eight lives, Alrosa is planning to construct a new $1.5 billion mine in Mir. Later this year, work will begin, and the first industrial production is anticipated in 2030–2031. The Sakha (Yakutia) Republic‘s president, Aisen Nikolaev, informed Russian President Vladimir Putin of the development. Sakha is home to Alrosa.

“Over the years, we have been designing a new mine; it is fully designed. According to Aisen Nikolaev, the corporation has already allocated investment capital. “The national government has given us its blessing. All choices have been taken through the Supervisory Board, and this year we are beginning the biggest project.

Former CEO of Alrosa Sergei Ivanov claims that reserves there total about 38 million carats.

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