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Stock Market & Financial Investment News

News Breaks
December 6, 2012
17:53 EDTHWD, RIOHarry Winston says Diavik Diamond Mine full-year target production 7.1M carats
Diavik Diamond Mine's full-year target production is expected to be approximately 7.1M carats from the mining of 2.1M tonnes of ore and the processing of 2.0M tonnes of ore. The decrease in carats from the original plan is primarily due to deferring the processing and recovery of lower value carats from the re-processed rejects in favour of processing underground ore containing higher valued carats. A new mine plan and budget for CY13 is under final review by Rio Tinto (RIO) and the company. The plan for CY13 foresees Diavik Diamond Mine production of approximately 6M carats from the mining and processing of approximately 1.6M tonnes of ore with a further 0.2M tonnes processed from stockpiled ore from CY12. Mining activities will be exclusively underground. Included in the estimated production for CY13 is approximately 0.6M carats from RPR and 0.1M carats from the improved recovery process for small diamonds.
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April 14, 2014
18:32 EDTRIORio Tinto reports Q1 iron ore production up 8% to 66.4M tons
Rio Tinto reported Q1 production results, reporting global iron ore production of 66.4M tons, up 8% from the prior year period, with shipments of 66.7M tons. The company maintained its 2014 iron ore production guidance of 295M tons. Rio's mined copper production totaled 156.5K tons, up 17% against the prior year period, and the company maintained its mined copper expectations for 2014 at 570K tons.

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