Former Alrosa CEO Tapped as Severalmaz CEO

(IDEX Online News) – Andrey Pismenny, the former chief engineer of ALROSA, has been appointed as CEO of Severalmaz JSC, which operates in the Arkhangelsk region. Pismenny has been appointed to the position for a five-year contract period.

Severalmaz has been developing the M.I. Lomonosov diamond field since 2005. In 2014, it completed the investment period and put the second module of the processing plant into operation, increasing its processing capacity from 1 to 4 million tons of ore per year.

The processing capacity increase allowed the company to start mining at the Karpinskogo-1 pipe in addition to mining operations at the existing Arkhangelskaya pipe.

These improvements will allow Severalmaz to increase diamond production to 2 million carats in 2015 and to more than 5 million carats going forward.

Alrosa said the development of Severalmaz is an important part of its long-term development program that envisages production growth from 36.2 million carats in 2014 to more than 41 million carats by 2019.