The financial model of Russian diamond giant Alrosa, which contains basic guidelines for developing the Alrosa Group’s annual financial plans until 2012, has been endorsed during a meeting of the company’s Executive Committee. The model, which is subject to final approval by the company’s Supervisory Board, forecasts rough diamond sales of US$9.55 billion and a production of 102.3 million carats during the relevant period.

Alrosa will continue diamond mining operations at the Udachnaya, Komsomolskaya, Aikhal, Jubilee, Mir, International and Nyurbinskaya kimberlite pipes during the period. In 2012 the underground mines of Aikhal and Mir are expected to reach their design capacity (of 500,000 and 1,000,000 tons of ore respectively) and the underground mine of Udachny is due to produce its first 25,000 tons of ore.