Good News from Diavik: Rio Tinto Ups Full-Year Diamond Output
Rio Tinto announced it has updated its full-year diamond output at Diavik, its diamond mine in Northwest Territories, Canada. According to IDEX Online, Rio Tinto expects a 3% increase to 3.84 million carats.
In Q4, production was up 27% – from 910,000 carats to 1.155 million carats. Rio Tinto, according to the report, is forecasting “an output of 5 million carats to 6 million carats for 2022.”
In November 2021, Rio Tinto purchased the 40% share held by Dominion Diamond Mines in Diavik to become the sole owner of the mine. Rio Tinto’s iconic Argyle mine, in Australia, closed in November 2020.
The post Good News from Diavik: Rio Tinto Ups Full-Year Diamond Output appeared first on Israeli Diamond.