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December 6, 2012
17:53 EDTRIO, HWDHarry 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.
News For HWD;RIO From The Last 14 Days
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November 28, 2014
07:15 EDTRIORio Tinto plans to maintain progressive dividend, Financial Times reports
Rio Tinto CEO Sam Walsh says the company has opted to keep raising dividends as it expects to generate strong cash flow over the next fire years, reports the Financial Times. Rio also said it would defer a decision on investing in Western Australia's Silvergrass mine until "at least the third quarter of 2015 at the earliest." Reference Link
06:30 EDTRIORio Tinto investing while BHP spinning off operations, WSJ reports
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November 26, 2014
18:24 EDTRIODominion Diamond reports approval for A-21 pipe at Diavik
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November 24, 2014
14:09 EDTRIORio buyout seen by influential banker as near inevitable, Bloomberg says
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13:30 EDTRIOBanker predicts Rio Tinto to be bought by Glencore, Bloomberg reports
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November 18, 2014
13:28 EDTRIOIron ore, steel stocks lower after iron ore prices, China home prices decline
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