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ALROSA obtains license for exploring Irkutsk diamond deposits

      RBC, 13.02.2004, Irkutsk 19:12:16.The Russian diamond producer ALROSA obtained a license for exploring diamond deposits in the Irkutsk region of Russia. Yesterday, the corresponding documents were signed by Natural Resources Minister Pyotr Sadovnik and ALROSA President Vladimir Kalitin, sources in the Natural Resources Ministry told RBC. The documents are now awaiting state registration. ALROSA has been pursuing Irkutsk deposits for the past seven years, sources in the regional administration reported to RBC.

      ALROSA's ambition to get access to Irkutsk deposits is due to the fact that since the 1940s the company had been almost exclusively developing diamond deposits in Yakutia, and Yakutian deposits are now approaching depletion.

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