Rio Tinto has officially brought production to a close at the Diavik Diamond Mine, ending a 23-year chapter that yielded more than 150 million carats of rough diamonds and helped establish Canada as a major player in the global diamond industry. Located beneath Lac de Gras, roughly 220 kilometres south of the Arctic Circle, the […]

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A sale of “beyond rare” diamonds – primarily pink, red and violet stones from the Argyle mine – delivered “strong results”, owners Rio Tinto said yesterday (3 November) although it declined to provide actual prices. Fancy color diamonds from the iconic mine, which closed in November 2020, are now in such short supply that Rio […]

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Rio Tinto has installed Canada’s largest off-grid solar power plant at its Diavik diamond mine on the edge of Arctic Circle. It will provide up to a quarter of the electricity needed for production until the mine reaches the end of its life in 2026, and for the closure, which will take another three years. […]

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Rio Tinto’s third-quarter diamond production fell 8% year-on-year to 4.2 million carats on account of lower grades at the soon-to-be-closed Argyle mine. For the quarter that ended 30th September, 2020, carat production at the mine in Australia was 10% lower, at 3.203 million carats, than the same period of 2019 as a result of a […]

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Rio Tinto is partnering with the Yellowknife Women’s Society to support their COVID-19 isolation shelter with a C$150,000 contribution As part of Rio Tinto’s worldwide community investment in COVID-19 relief initiatives, this funding will provide accommodation and food for individuals who are at high medical risk of serious illness or death if they contract the […]

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Rio Tinto, announcing its financial results for the year 2019, revealed that sharp declines in both revenue and earnings from its diamond business resulted in the segment reporting a net loss of US$ 21 million for the year, a steep drop when compared to the profit of US$ 118 million it reported a year earlier. […]

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