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Zimbabwe Miner Murowa Joins DPA
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RZ Murowa Holdings has joined the Diamond ProducersAssociation (DPA) as its first new member since the marketing body formed in2015. The company, the majority owner of Murowa Diamonds, operatesthe Murowa mine in Zimbabwe, which...
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Polished Markets
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Sep 13, 2018
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Rapaport News
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Murowa Mine Working to Boost Production After Rio Tinto Exit
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Zimbabwe’s Murowa mine, formerly controlled by Rio Tinto, isset for a return to diamond production, after earlierfears that it was shutting down following the key investor’s exit.The mine is working on boosting production, Zimbabweannewspaper The Chronicle...
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Mining
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Nov 11, 2015
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Rapaport News
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Rio Tinto Diamond Revenue -23% to $331M in 1H
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Rio Tinto reported mixed results for its diamond operations in its first half report released on Thursday, with the effect of softening demand for rough diamonds offset by a strengthening dollar. Diamond operations’ revenue slumped...
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Mining
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Aug 06, 2015
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Ronen Shnidman
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Seeking a Better Diamond Future
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Jean-Marc Lieberherr has worked at Rio Tinto’s diamond division for the last decade and has served as its managing director since 2013. Before joining Rio Tinto he worked in a variety of sales, marketing and management...
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Mining
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Jul 17, 2015
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Ronen Shnidman
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Rio Tinto 1H Diamond Production +23%
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Rio Tinto’s rough diamond output jumped 23 percent year on year to 4.696 million carats during the three months that ended on June 30, according an operations review released by the company on Thursday. The company attributed...
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Mining
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Jul 16, 2015
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Ronen Shnidman
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Rio Tinto Exits Zimbabwe
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Rio Tinto sold its 78 percent stake in Murowa Diamonds and its 50 percent share of Sengwa Colliery Ltd. for an undisclosed sum to RZ Murowa Holdings Ltd. of Zimbabwe. RioZim Ltd., which is an independent mining company in Zimbabwe, holds...
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Mining
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Jun 26, 2015
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Jeff Miller
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Rio Tinto's 4Q Diamond Production -37%
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Rio Tinto’s total rough diamond output declined 37 percent year on year to 2.841 million carats during the fourth quarter that ended on December 31. The company attributed the sharp reduction in output to a maintenance shutdown...
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Mining
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Jan 20, 2015
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Ronen Shnidman
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Rio Tinto's Diamond Production -15% in 3Q
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Rio Tinto’s diamond production fell 15 percent year on year to 3.549 million carats in the third quarter that ended on September 30, 2014.Rio Tinto owns the Argyle mine in Australia, a 60 percent stake in the Diavik mine...
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Mining
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Oct 19, 2014
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Deena Taylor
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Rio Tinto's 4Q Diamond Production +38%
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Rio Tinto reported that its diamond production grew 38 percent year on year to 4.489 million carats in the fourth quarter that ended on December 31. The surge in production was mainly a result of increased production at the...
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Mining
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Jan 16, 2014
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Deena Taylor
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Rio Tinto's 3Q Diamond Production +12%
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Rio Tinto’s diamond production rose 12 percent year on year to 4.158 million carats for the third quarter that ended on September 30. Growth was driven by an increase in the amount of ore processed and higher grades...
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Mining
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Oct 15, 2013
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Deena Taylor
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Rio Tinto's 2Q Diamond Production +47%
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Rio Tinto’s diamond production rose 47 percent year on year to 4.135 million carats in the second quarter of 2013. Growth was driven by higher grades and a rise in ore processed at its fully-owned Argyle mine in Western Australia,...
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Mining
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Jul 16, 2013
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Avi Krawitz
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Rio Tinto Edges Closer to Diamond Unit Flotation
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Rio Tinto is in the process of developing plans with its advisers at Morgan Stanley to raise up to $380.8 million (GBP 250 million) through a separate listing of the company's diamond division on the London Stock Exchange (LSE).Sources close...
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Mining
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Jun 03, 2013
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Deena Taylor
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Rio Tinto's Diamond Revenue +2% in 2012
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Rio Tinto reported that revenue from its diamond operations rose 2 percent to $741 million in 2012. Despite the increase, the division posted a net loss of $43 million compared with earnings of $10 million the...
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Mining
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Feb 14, 2013
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Avi Krawitz
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Rio Tinto Creates a Large Rough Diamond Tender
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Rio Tinto launched a ''Specials Tender,'' which showcases fine rough diamonds, greater than 10.8 carats, from a year’s worth of production from its three operating diamond mines in Australia, Canada and Zimbabwe.The collection comprises...
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Rough Markets
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Oct 04, 2012
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Dilipp S Nag
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No Time Pressure on Rio Tinto Diamond Review
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Rio Tinto said it’s under no time constraints to decide on the future of its diamond business, stressing that it will review all of its options, including a possible divestment from the industry.The company announced in March that...
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Mining
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Sep 13, 2012
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Dilipp S Nag
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Rio Tinto's 1H Diamond Revenue +12%
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Rio Tinto reported revenue from its diamond business rose 12 percent year on year to $350 million during the first six months of 2012. Revenue growth was driven by higher production, while rough demand experienced...
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Mining
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Aug 08, 2012
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Avi Krawitz
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Rio Tinto's 2Q Diamond Production +3%
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Rio Tinto reported that its diamond production rose 3 percent year on year to 2.808 million carats in the second quarter of 2012. Growth was driven by increased output at the Australia-based Argyle mine, which achieved higher...
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Mining
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Jul 17, 2012
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Avi Krawitz
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Rio Tinto Appoints Truter to Oversee Argyle Mine
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Rio Tinto appointed Kim Truter as the managing director of the company's Argyle diamond mine in Australia, effective July 1. Truter held a number of senior roles within Rio Tinto and most recently served as president and...
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Mining
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Jun 20, 2012
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Dilipp S Nag
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RioZim in Talks to Buy Murowa Mine
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Zimbabwe's RioZim Limited has begun talks with Rio Tinto to buy the mining giant’s stake in the Murowa diamond mine, Reuters reported. Rio Tinto owns a 78 percent stake in Murowa while RioZim owns the...
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Mining
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May 28, 2012
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Avi Krawitz
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Rio Tinto's 1Q Diamond Production +41%
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Rio Tinto’s diamond production rose 41 percent year on year to 3.518 million carats in the first quarter of 2012, driven by improved output at its Argyle and Diavik mines.Output at the company’s fully owned Argyle mine in Australia...
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Mining
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Apr 17, 2012
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Avi Krawitz
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