One of the world's largest mining company Rio Tinto has released its report on the results of operations for 2016, reporting a 4-percent rise in diamond mining.
In the fourth quarter to December 31, 2016 diamond-mining unit of Rio Tinto Diamonds, the company reported an increase in production by 7% compared to the same period of the previous year.
According to the company, diamond production in 2016 amounted to 17.9 million carats, compared with 17.3 million carats in 2015. In the past quarter production totaled 4.6 million carats from 4.3 million carats in the same period a year earlier.
The mine Argyle (Argyle) diamond production was 4% higher in 2016 than in 2015, against a background of increasing exploitation of the underground mine. Higher volumes of ore processing were partially offset lower diamond content in the rock.
The company also said that its diamond production forecast for 2017 is between 19 to 24 million carats. Currently, Rio Tinto Diamonds has a 100 percent stake in the Argyle mine in Australia and 60% stake in the Diavik mine (Diavik) in Canada.
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