RapNet


Rapaport News

 

Mining

 

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Rio Tinto Tightens Rough Output Projection

Miner expects to produce 19 million to 22 million carats this year.
Oct 18, 2017 5:43 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... 
Rio Tinto tightened its diamond-production outlook for the year to between 19 million and 22 million carats, despite reporting a year-on-year increase in output.

The miner’s previous guidance for 2017 was 19 million to 24 million carats, it said in a review of its third-quarter operations.

Rio Tinto’s rough-diamond production jumped 34% to 5.9 million carats for the quarter. Output at its Argyle mine in Western Australia rose 36% to 4.8 million carats due to the processing of higher-grade alluvial tailings. At the Diavik mine in Canada’s Northwest Territories, higher grades led to production climbing 27% to 1.2 million carats. Development of the A21 pipe, an extension to the Diavik project, remains on schedule, the miner said.

The miner’s total diamond production jumped 8% year on year to 14.4 million carats in the first nine months.
Tags: A21 pipe, Argyle, Canada, Diavik, mining, northwest territories, Rapaport News, Rio Tinto, rough, Western Australia
Similar Articles
Akil Zubir AlrosaAlrosa Names New Belgium Chief
Sep 21, 2020
Alrosa has appointed Akil Zubir as managing director of its Belgium...
Dominion to Sell Ekati Mine for $126M
Petra Recovers High-Quality Blue Diamonds
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us