29 Oct 2020
DiamondWorld Directory
Home |
Rio Tinto’s diamond production dips 28% in Q4 of 2010
Argyle delivers lowered production
By: Diamond World News Service
Jan 19 2011 4:28PM
Reference: 5662  


Rio Tinto’s diamond production in the fourth quarter of 2010 fell by 28 percent on y-o-y basis, to 3.199 million carats. The company believes this is affected by the processing of lower grade ore at its fully-owned Argyle mine open pit, where it is developing its underground mining operations. Production at Argyle in the said three months dropped 36 percent to 2.243 million carats during the quarter despite the 57 percent rise in ore processed.

The production from its 60 percent stake in Diavik mine in Canada rose by 1 percent to 926,000 carats and from its 78 percent stake in the Murowa mine in Zimbabwe rose 3 percent to 30,000 carats.

Rio Tinto’s annual production for the year 2010 stood at 13.843 million carats, dropping by a mere 1.3 percent. For the year round, its Argyle mine reached production of 9.804 million carats showing a 7 percent drop. Production from its stake in Diavik mine in Canada increased 17 percent to 3.9 million carats and from its Murowa mine increased 43 percent to 139,000 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
HouseAd_Trade Fair
Search News by City
Kosher 23460
Kosher 23460
Recent Issue
Kosher 23460
News in Pictures
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: 27632
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 2392
GJEPC Chairman Interview
Views: 24455
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 32019
Promo for IJ Awards 2012 at NDTV Profit
Views: 46240
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 58486
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 18844
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 45001
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 43187
Kosher 250300
Member of:
Supporter of: