$127m Diamond Loss for Rio Tinto
Rio Tinto reported a $127m loss for 2024 from its Diavik diamond mine, in Canada, as weak market conditions led to “fixed cost inefficiencies”.
Diavik Diamond Mine
Rio Tinto offers early termination to Diavik employees to save costs
Rio Tinto is offering early termination for employees at its Diavik diamond mine as part of the company’s efforts to save costs ahead of the mine’s closure in 2026, the Australian miner told jewelry news agency Rapaport.
Rio Tinto’s Diavik Mine Slides into the Red
Rio Tinto today (31 July) reported a slump in half-yearly sales and production as its Diavik diamond mine in Canada slid into the red.
Rio Tinto to spend $40m on Diavik diamond mine expansion
Rio Tinto is going ahead with a $40 million expansion of its iconic Diavik diamond mine in the Northwest Territories of Canada, which will extend the operation’s life to at least early 2026.
Rio Tinto Buys Remaining Share of Diavik Diamond Mine
Rio Tinto, the world’s second-largest miner, just became the sole owner of the Diavik diamond mine in Canada’s Northwest Territories on Thursday. Despite saying in the past the Company was not interested in taking full control of the aging arctic mine, Rio Tinto ended up buying the 40% share held by Dominion Diamond Mines for … Read more
Dominion Diamond Mines sale of Ekati falls through
The future of the Ekati diamond mine in Canada’s Northwest Territories remains uncertain after Dominion Diamond Mines announced that a deal to sell it to a subsidiary owned by its parent company, The Washington Companies, has fallen apart. Dominion Diamond reported on Oct. 9 that three insurance companies – Aviva Insurance Company of Canada, Argonaut … Read more
Diavik ‘Stars Of The Arctic’ Provide Rough Diamond Tender Sparkle
Capella of the Actic , 24.82 carats, a yellow diamond