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Rio Tinto
Rio Tinto Output Falls Amid Lower Grades
Lower mining grades and reduced ore availability contributedto a drop in Rio Tinto’s third-quarter diamond production, the company reportedWednesday. Output at its wholly owned Argyle mine in Australiafell 7% year on year, yielding 3.6 million carats...
Mining Oct 17, 2019 Rapaport News
Rio Tinto
Rio Tinto Incurs Loss in Diamond Division
Weak rough prices pushed Rio Tinto’s diamond unit into thered in the first half of the year, the miner reported Thursday. The division recorded a net loss of $5 million for the sixmonths ending June...
Mining Aug 01, 2019 Rapaport News
Argyle mine 600
Rio Tinto Output Falls in 1H
Diamond production at Rio Tinto dropped 10% year on year inthe first half of 2019, as the miner recovered lower-grade ore at its Argylemine in Australia. The company’s share of production at the Argyle and Diavik mines came...
Mining Jul 16, 2019 Rapaport News
Rio Tinto
Rio Tinto Diamond Production Falls
Diamond production at Rio Tinto dropped 18% year on year inthe first quarter of 2019, as the miner recovered lower-grade ore at its twodeposits. Production came to 3.8 million carats for the three monthsending March 31,...
Mining Apr 16, 2019 Rapaport News
DEF
DEF Debuts Scholarships for Canadian Industry
The Diamond Empowerment Fund (DEF) has launched its firsteducational grants for young people in Canada’s Northwest Territories (NWT). “Creating education and employment opportunities for youthwho live in areas where natural diamonds are...
Mining Apr 14, 2019 Rapaport News
TCWR 150
Canada’s Ice Road Opens for Milestone Year
February is a crucial time for Canada’s diamond mines.Located in the most remote region of the country’s frozen Northwest Territories(NWT), Rio Tinto, Dominion Diamond Mines and De Beers have a two-month windowto connect their mining operations...
Mining Feb 07, 2019 Leah Meirovich
Rio Tinto Argyle
Rio Tinto 2018 Recoveries Decline
Recovery of lower-grade ore at Rio Tinto’s Argyle and Diavikmines led to a 15% drop in the company’s diamond production to 18.4 million carats in 2018.Output at the Argyle asset in Australia slid 18% to 14.1 million carats for the...
Mining Jan 20, 2019 Rapaport News
Christie’s NY
8ct. Bulgari Blue Diamond to Lead Christie’s NY
A Bulgari diamond ring will be the top lot at next month’s Christie’s New York auction, with a presale estimate of $13 million to $18 million. The cushion-cut, 8.08-carat, fancy-vivid-blue piece will go under the hammer at the...
Polished Markets Nov 11, 2018 Rapaport News
Tinto Rio
Production Falls in Rio Tinto’s Third Quarter
Recovery of lower-grade ore at Rio Tinto’s Argyle and Diavikmines led to a 17% drop in production in the third quarter.Output came to 4.9 million carats for the three monthsending September 30, the company said Tuesday. The...
Mining Oct 16, 2018 Rapaport News
Diavik
Rio Tinto Opens New Pipe at Diavik
Rio Tinto has begun mining the A21 pipe, an extension at itsDiavik asset that should allow the company to sustain production levels overthe next four years. The project took four years to construct at a cost...
Mining Aug 21, 2018 Rapaport News
Argyle 150
Diamond Resources Might Not Be Forever
While it’s true that value comes from rarity, no naturalresource lasts forever, and the rare is becoming even rarer. Diamond productionis set to peak in 2019, after which it will begin a steady decline. De Beersestimates global...
Mining Aug 14, 2018 Leah Meirovich
Rio Tinto 150
Rio Tinto Production Grows
Diamond production at Rio Tinto rose 7% year on year in the second quarter of 2018, driven by an increase in outputfrom its Argyle mine.Production came to 4.6 million carats for the three months ending June 30, the company...
Mining Jul 17, 2018 Rapaport News
Dominion Diamond 150
Dominion Takes On New Marketing Director
Dominion Diamond Mines has appointed Rachel Aaron to oversee its marketing operations, including the promotion and development of its CanadaMark brand. As director of marketing, Aaron will be tasked with building and nurturing client relations,...
Mining May 08, 2018 Rapaport News
Rio Tinto 150
Argyle Boosts Rio Tinto Production
Diamond production at Rio Tinto rose 11% year on year to 4.6million carats in the first quarter of 2018, driven by an increase in outputfrom its Argyle mine. The Australia-based operation yielded nearly 3.6 million caratsin the first...
Mining Apr 22, 2018 Rapaport News
Diavik Mine 150
Man Charged with Stealing Diamonds at Diavik Mine
The Royal Canadian Mounted Police (RCMP) has arrestedand charged a man accused of stealing diamonds at the Diavik mine, the force saidWednesday. Samson Mkhitaryan is suspected of stealing more than $3,860 (CAD 5,000) in diamonds. The...
Mining Mar 08, 2018 Rapaport News
Rio Tinto Diamond Sales Rise 150
Resurgent Rough Market Boosts Rio Tinto Revenue
Rio Tinto’s diamond revenue rose 15% to $706 million in 2017,as global rough demand increased and Indian manufacturers replenished stockfollowing demonetization. Profit in the diamond unit almost doubled over the previous year, climbing...
Mining Feb 07, 2018 Rapaport News
Rio Tinto Reports Diamond Production 150
Rio Tinto Plans Lower 2018 Production
Rio Tinto expects diamond production of between 17 million and 20 million carats in 2018, representing a decrease in output compared to last year. The company did not explain the expected drop.Diamond production in 2017 grew 21% to 21.6...
Mining Jan 21, 2018 Rapaport News
Ekati mine
Dominion Goes Private as Takeover Deal Closes
The Washington Companies, a group of mining businesses, hascompleted its acquisition of Dominion Diamond Corporation after receiving allthe required approvals.Dominion will operate as a standalone, private company underthe leadership of new CEO Patrick Evans, who assumes...
Mining Nov 02, 2017 Rapaport News
Argyle mine rio Tinto
Rio Tinto Tightens Rough Output Projection
Rio Tinto tightened its diamond-production outlookfor the year to between 19 million and 22 million carats, despite reporting a year-on-yearincrease in output.The miner’s previous guidance for 2017 was19 million to 24 million carats, it said in a review of its third-quarteroperations....
Mining Oct 18, 2017 Rapaport News
Rio Tinto red oval diamond
Rio Tinto Diamond Sales Stable
Rio Tinto’s diamond sales were nearly flat in the first halfof the year amid steady demand from Indian manufacturers, the miner reportedWednesday. Revenue from the company’s diamond operations slipped 0.6%year on year...
Mining Aug 03, 2017 Rapaport News
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