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Giant Miner Rio Tinto's Diamond Output Plummets by 54% in Third Quarter


Post Date: 20 Oct 2009    Viewed: 547

Giant miner Rio Tinto’s diamond output declined by 54% to 2.79 million carats in the third quarter. Nevertheless, the diamond miner’s diamond production doubled in the third quarter in comparison to the second quarter.


Diamond output plummeted by 51% at the Argyle mine to 2.27 million carats. At its Diavik diamond mine, production decreased by 64% to 497,000 carats. At the Murowa mine in Zimbabwe, diamond output dived by 72% to 21,000 carats.


During the nine months that ended on September 30, there was an overall 31% decline in diamond output to 9.58 million carats.


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