05 Dec 2022
DiamondWorld Directory
-
Home |
News
Home
Rio Tinto’s diamond production at Argyle dips 8% in Q2
Diamond production guidance for 2017 stands at 19 to 24 million carats
By: Diamond World News Service
|
Jul 22 2017 9:37AM
|
Reference: 15401  

DecreaseIncrease
Rio Tinto has announced its production results for the second quarter of 2017. Speaking about the company’s overall production performance, Rio Tinto chief executive J-S Jacques said “We believe our focus on capital discipline, maximising cash flow from operations, driving productivity and portfolio shaping will continue to support the delivery of strong cash generation and shareholder returns.”

Diamond production at Argyle during the said period dipped 8 percent to 3.2 million carats as compared to the second quarter of 2016. The mining giant attributed this to the lower ore volumes processed following wet weather and additional maintenance required in the second quarter of this year. In the first six months of the year, diamond production dipped 9 percent to 6.2 million carats.

At Diavik, carats recovered were 18 percent higher (reaching 1.1 million carats) than the corresponding period in 2016 due to both higher processed volumes and higher recovered grades. Development of the A21 pipe remains on schedule. In the first half of the year diamond production stood at 2.2 million carats or 8 percent higher on y-o-y basis.

Diamond production guidance for 2017 remains unchanged at 19 to 24 million carats.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
DWWeeklypost
Search News by City
Advertisement
DWsubscription
Recent Issue
2022
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 32020
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 9525
GJEPC Chairman Interview
Views: 28127
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 39363
Promo for IJ Awards 2012 at NDTV Profit
Views: 57064
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 68559
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21882
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 50924
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 53111
Advertisement
DW News App
Member of:
Supporter of: