New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 15, 2013
06:23 EDTRIO, HWDHarry Winston reports Diavik Diamond mine Q4 production
Harry Winston Diamond (HWD) reports that in the fourth calendar quarter of 2012, the Diavik Diamond Mine produced 1.9 million carats from 0.5 million tonnes of ore processed, as compared to 1.6 million carats from 0.6 million tonnes of ore processed in the comparable quarter of the prior year. The 19% increase in carats recovered in the quarter was primarily due to improved grades in each of the kimberlite pipes, partially offset by the 17% decline in ore processed in the quarter, which was due to a reduction in processing plant throughput that resulted from changes in the geological composition of the ore. Open pit mining of the A-418 kimberlite pipe concluded in September, although processing of open pit ore from the A-418 kimberlite pipe will continue into calendar 2013. A new mine plan and budget for calendar 2013 is under final review by Rio Tinto (RIO) and the Company. The plan for calendar 2013 foresees Diavik Diamond Mine production of approximately 6 million carats from the mining and processing of approximately 1.6 million tonnes of ore with a further 0.2 million tonnes processed from stockpile ore. Mining activities will be exclusively underground with approximately 0.7 million tonnes expected to be sourced from A-154 North, approximately 0.5 million tonnes from A-154 South and approximately 0.4 million tonnes from A-418 kimberlite pipes.
News For HWD;RIO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 26, 2015
15:41 EDTRIOChina could target Cameco, Rio Tinto uranium assets, Financial Post says
Subscribe for More Information
May 19, 2015
05:46 EDTRIORio Tinto and Mongolia sign Oyu Tolgoi development and financing plan
The government of Mongolia, Turquoise Hill Resources and Rio Tinto signed the Oyu Tolgoi Underground Mine Development and Financing Plan. The plan addresses the key outstanding shareholder issues and sets out an agreed basis for the funding of the project. With a new pathway to development of the underground mine agreed, the focus now shifts to finalising the project finance, the feasibility study and securing all necessary permits so that the underground mine development can proceed. he construction of the first phase of the pioneering Oyu Tolgoi project the open-pit mine was completed on schedule in less than 24 months. The operation celebrated one million tonnes of copper concentrate shipped in March 2015, less than two years after the first production left the mine. Oyu Tolgoi has a workforce that is 95 per cent Mongolian and Oyu Tolgoi LLC has paid $1.3 billion in taxes, fees and other payments to date. Reference Link
May 17, 2015
17:33 EDTRIORio Tinto seeks buyer for Pacific Aluminum, FT says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use