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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’s Diamond Sales Slip in 2018
Revenue from Rio Tinto’s diamond division slid 1.6% to $695million in 2018, the miner reported Wednesday. The diamond unit’s profit rose 28% to $118 million, whileearnings before interest, tax, depreciation and amortization (EBITDA)...
Mining Feb 27, 2019 Rapaport News
Composite Top 10 Diamonds 150
The Biggest and Priciest Diamonds of 2018
As the year comes to a close, Rapaport News takes alook back at the largest rough stones miners unearthed in 2018, and thediamonds that fetched the highest prices at auction.Colossal findsThe 910-carat Lesotho Legend, which Gem...
Polished Markets Dec 27, 2018 Rapaport News
Dominion 553 carat yellow 150
Dominion Recovers 553ct. Yellow Diamond
Dominion Diamond Mines has unearthed the largest knowngem-quality diamond found in North America, it said last week. The company recovered the 552.74-carat yellow diamond in Octoberat its Diavik mine in Canada’s Northwest Territories. It beats...
Mining Dec 16, 2018 Rapaport News
Argyle glove 200
Rio Tinto Diamond Revenue Declines
Diamond sales at Rio Tinto fell 5% to $323 million in thefirst half of the year, the miner reported Wednesday. Net profit for the division nearly tripled to $55 millionfrom $19 million a year ago. Production increased...
Mining Aug 01, 2018 Rapaport News
Ekati Jay
Dominion Holds Off on Ekati Expansion
Dominion Diamond Mines has delayed a key extension to itsEkati mine for a second time as it assesses the project’s profitability, according to reports. The miner originally postponed the Jay expansion in June2016 because it determined that the...
Mining May 10, 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
Argyle mine rio Tinto
Rain at Argyle Dampens Rio Tinto’s Diamond Offering
Rio Tinto’s rough-diamond output declined 2% to 4.3 millioncarats in the second quarter as wet weather restricted production levels at theArgyle mine.Output from the mine in Western Australia fell 8% to 3.2million carats compared to the corresponding period last...
Mining Jul 19, 2017 Rapaport News
Dominion Ekati mine
Dominion Seals $1.2B Takeover by Washington
The Washington Companies will acquire Dominion DiamondCorporation for $1.2 billion, the firms said in a joint statement Monday.Washington, a mining group founded by entrepreneur DennisWashington, has agreed to buy all shares in Dominion for $14.25 each...
Mining Jul 17, 2017 Rapaport News
Diavik Diamond Mine, Courtesy: Diavik Diamond Mine
Dominion Sees More Life in Diavik Mine
Dominion Diamond Corporation has extended the life span ofits jointly owned Diavik mine by two years and hiked its estimate of theproject’s future production.The deposit in Canada’s Northwest Territories will lastuntil 2025, compared...
Mining Apr 02, 2017 Rapaport News
small ice road
Diavik Mine to Escalate Diamond Production
Dominion Diamond Corporation forecast production at theDiavik mine in Canada will increase by up to 14 percent this year after outputrose in 2016.The miner projected rough-diamond recovery of 7.1 million to7.6 million carats in 2017, with all mining taking...
Mining Jan 17, 2017 Rapaport News
argyle rough
Rio Tinto Raises Diamond Output
Rio Tinto’s rough-diamond production grew 4 percent to 18million carats in 2016, the lower end of its guidance, as it continued to step up underground operations at its Argylemine in Australia.Output at Argyle, known for its production of rare fancy pink diamonds...
Mining Jan 17, 2017 Rapaport News
Diavik Foxfire Rio Tinto
Smithsonian to Showcase Diavik Foxfire
Canada’s largest rough diamond is set to go on display atthe Smithsonian National Museum of Natural History in Washington D.C.The 187.7-carat Diavik Foxfire will appear alongside thefamous Hope diamond in the Harry Winston Gallery from November 17 to February16....
Rough Markets Nov 14, 2016 Rapaport News
Argyle Mine Processing Center
Rio Tinto Cuts Diamond Production Outlook
Rio Tinto lowered the top end of its diamond outputguidance for this year even as production increased in the third quarter.The miner expects to produce between 18million and 20 million carats, compared with an earlier forecast...
Mining Oct 20, 2016 Rapaport News
Diavik Mine
Diavik Output Rises 22% as Volume, Grades Climb
Diamond production from the Diavik mine in Canadajumped 22 percent in the third quarter as processing volumes and recoveredgrades both increased, Dominion Diamond Corporation reported.Output rose to 1.54 million carats in thethree months that ended September...
Mining Oct 20, 2016 Rapaport News
Diavik Mine
Rio Tinto’s Diavik Mine Hits 100M Ct. Mark
Rio Tinto reached a milestone of producing 100 millioncarats from its Diavik diamond mine in Canada since operations began in 2003.The Diavik pit is located on an island in a remotesub-arctic lake in Northwest Territories and produces gem-quality diamonds thatare...
Mining May 18, 2016 Rapaport News
Diavik Foxfire Rio Tinto
Massive Rough Diamond to Star at Israel Show
The Diavik Foxfire, the largest rough diamond ever found inNorth America, will feature at the third International Rough Diamond Week inIsrael next week.RioTinto discovered the 187.7-carat diamond at its Diavik mine in Canada’s...
Rough Markets May 17, 2016 Rapaport News
Diavik Mine
Diavik Diamond Mine's 1Q Production +21%
Dominion Diamond Corporation, formerly Harry Winston Diamond Corporation, reported that diamond production at the Diavik diamond mine in Canada rose 21 percent year on year to 1.9 million carats during the first quarter, which ended...
Rough Markets Apr 16, 2013 Jeff Miller
Diavik Diamond Mine, Courtesy: Diavik Diamond Mine
Diavik 3Q Production +8%
Production at the Diavik mine in Canada rose 8 percent year on year to 1.9 million carats in the third quarter of 2011. Growth came due to an increase in the overall grade of ore processed, reported Harry Winston, which owns...
Mining Oct 16, 2011 Avi Krawitz
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