Rio Tinto Group announced its production figures on April 20 for 3 month ending March 31, indicating a rise in the rough diamond production from its Diavik mine in Canada. Rio Tinto owns a 60% stake in Diavik.
Attributing the rise in diamond production in the first quarter to recovery of higher-grade ore, the mining company indicates that
diamond output jumped 18% year on year to 1 mln carats for the three months ending March 31.
According to the mining company, improvements to the productivity of its processing plant as well as greater ore availability and higher grades resulted in good overall performance.
Rio Tinto expects total diamond recoveries for the year to reach between 3 mln and 3.8 mln carats. According to Rio Tinto, while full production for 2020 recorded 14.7 mln carats, Diavik alone produced 3.7 mln carats last year.
Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough&Polished
Exclusive
Helga Pombal: Angola's Stardiam finds solution to the threat posed by lab-grown diamonds
Stardiam manager of production Helga Pombal told Rough&Polished's Mathew Nyaungwa on the sidelines of the Angola International Diamond Conference that lab-grown diamonds are creating a parallel market for more accessible stones, combined with lower...
11 november 2024
Ellah Muchemwa: ADPA to launch Africa's first diamond mining standard next year
The African Diamond Producers Association (ADPA), which is based in Luanda, Angola, and represents the interests of mainly African diamond producers and those with the potential to produce diamonds, will next year launch the Sustainable Development...
04 november 2024
Dmitry Fedorov: I want our jewelry to be displayed at a museum in the future
Dmitry Fedorov is the founder of the eponymous jewelry house. His main focus is the creation of Orthodox-inspired premium luxury jewelry of high artistic merit. He told Rough&Polished about his journey in the jewelry industry, about choosing the ‘Orthodox...
28 october 2024
Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki
The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...
14 october 2024
James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration
London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...
07 october 2024
