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News Breaks | | | | January 15, 2013 | | 06:23 EDT |  | HWD, RIO | Harry 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. | |
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News For HWD;RIO From The Last 14 Days Check below for free stories on HWD;RIO the last two weeks. |
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| June 18, 2013 | | 12:10 EDT |  | RIO | China Minmetals may have interest in Rio's Canadian iron-ore assets, WSJ says
State controlled China Minmetals Corp said it may bid on Rio Tinto's iron ore operations in Canada, says the Wall Street Journal. The interest in those assets may be a sign that China hasn't lost its appetite for that type of assets despite an economic slowdown, added the Wall Street Journal. | | | 11:42 EDT | | RIO | Brazil mining bill may double royalty to 4%, Reuters says
Brazil presented a much anticipated bill to reform the country's 46-year-old mining code, says Reuters. The bill proposes new royalties of up to 4% and a new regulatory agency, added Reuters. Reference Link | | | June 17, 2013 | | 08:22 EDT | | RIO | Mining companies draw new regulator scrutiny, Bloomberg reports
Until now mining companies have been relatively free of political scrutiny. But world leaders, gathering in Northern Ireland for the Group of Eight summit beginning today, have mining transactions and companies in their cross hairs. They are proposing tighter oversight by requiring companies to disclose all payments made to foreign governments, reports Bloomberg.Reference Link | | | 07:13 EDT | | RIO | Vale: China slowdown helped by Brazil currency depreciation, Bloomberg reports
Brazil’s Vale (VALE) said further local currency depreciation could counter cost rises and a slowdown in Chinese iron-ore demand as it seeks to regain market share from Rio Tinto (RIO) and BHP Billiton (BHP), reports Bloomberg.Reference Link | | | 06:14 EDT | | RIO | On the Fly: Periodicals Wrap-Up
 Subscribe for More Information | | | June 13, 2013 | | 08:19 EDT | | RIO | EDF could take stake in Rio Tinto's French aluminum plants, Reuters reports
Subscribe for More Information | | | June 12, 2013 | | 06:24 EDT | | RIO | Rio, Glencore consider combining Australian coal assets, Reuters reports
Subscribe for More Information | | | June 10, 2013 | | 12:53 EDT | | RIO | Rio Tinto reports 28.4% stake in Constellium
As part of the ongoing evaluation of investment and investment alternatives, Rio Tinto (RIO) may may hold discussions with or make formal proposals to management or to the board of Constellium Holdco (CSTM). | |
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