Rio Tinto Expects to Produce Less Diamonds than in Diavik in 2023

Rio Tinto, which owns 100% of the Diavik Diamond Mine in the Northwest Territories in Canada, has lowered Diavik’s 2023 production forecast – from 4.5 to 5 million carats to 3 to 3.8 carats.

 

According to IDEX Online, Rio Tinto “gave no explanation for the lower forecast in its fourth quarter production results.” In 2022, actual production was on target – 4.7 million carats.

 

The Diavik diamond mine opened in 2003, and is scheduled to close in 2025.

 

Credit: Copyright © 2017 Rio Tinto

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