Putin proposes extending term of Russia's Central Bank chiefBusiness & Economy March 22, 21:49
Mayor says investigation into London attack is underwayWorld March 22, 21:16
Ukrainian radicals urge Poroshenko to nationalize Russian banks’ subsidiariesBusiness & Economy March 22, 20:51
Peru is back on 2018 Dakar Rally track alongside with Bolivia, ArgentinaSport March 22, 20:08
Three dead, twenty injured in London attack — policeWorld March 22, 19:59
Stadium in Russia's Dagestan to be named after pole-vault queen IsinbayevaSport March 22, 19:19
Top pilots to fly Su-30SM jets over Moscow on Victory DayMilitary & Defense March 22, 18:53
Russian design bureau ready to integrate BrahMos missiles into frigates for Indian NavyMilitary & Defense March 22, 18:50
London police say they are treating Westminster incident as terrorismWorld March 22, 18:45
ST. PETERSBURG, May 23. /ITAR-TASS/. Russian oil company Lukoil will supply diamonds from a field in the northern Arkhangelsk region in its first such venture next month, chief executive Vagit Alekperov told journalists at the St. Petersburg International Economic Forum on Friday.
Investment is estimated at $850 million, and the processing plant there will employ about 3,000 workers.
Diamonds will reach the market and export destinations in August-September from a field named after Russian geologist Vladimir Grib, where resources are estimated at 100 million carats.
Some 58 million carats will be open-pit mined 460 metres deep over 16 years. The rest will be dug underground at a location also known as the Verkhotinskoye field.
It is located 130 kilometres northeast of Arkhangelsk city in the largest region of European Russia, larger in territory than France and Spain.
The "pipe" containing the geological structure is one of the world’s major extraction sources.