Russia's largest diamond company Alrosa held an executive board meeting last week in order to review the unaudited production results and financial performance of the Alrosa mining and processing divisions for 2009.

According to the diamond company's statement, the technical and performance indicators of the processing plants and dredges met all the target parameters, and the aggregate rough diamond output by the Alrosa Group amounted to $2.264 billion

The agenda also included the presentation of a feasibility study for the mining and processing project at the Lomonosov Mine and the OJSC Severalmaz development prospects prepared by Yakutalmaz Research & Design Institute. The expected life of the project is 17 years. According to Alrosa projections, in 2010-2026 the total of 54.8 million tons of ore will be processed.

A feasibility study for construction of another processing plant, with a capacity of 3 tons of ore per annum, was also introduced. The plant is to be commissioned in Q4 2013 and is expected to attain its design capacity in Q1 2015.