The discovery of a 507 carat white diamond has proved to be encouraging news, not just for Petra Diamond which discovered the gem, but for the industry as a whole. Improving demand and positive announcements have had Canadian diamond juniors brushing themselves off from last year's crash. The sparkle is back in the investors eye.
Continue reading "Diamond Sparkles: Juniors Jump"
Thursday, August 20, 2009
Giant mining company Rio Tinto declared that underlying EBITDA for the first half of 2009 stood at $6.1 billion, 47% below the corresponding period in 2008. Underlying earnings during the first half of 2009 came to $2.6 billion, 54% below the first half of 2008. For full story, click here
Continue reading "Diamond Miner Rio Tinto’s Underlying Earnings Dipped by 54% in H1"
Thursday, August 13, 2009
Rio Tinto has planned to invest over USD 300 million in diamond exploration in India over the next five years, a move that will increase India’s contribution to its diamond revenues from the current 65%. Curently, Rio Tinto sells rough diamonds to 10 customers in India. Counting indirect sales, India accounts for around 80-85% of [...]
Continue reading "Rio Tinto will Invest $300 for Diamond Exploration in India"
Tuesday, August 11, 2009
Rio Tinto has planned to invest over USD 300 million in diamond exploration in India over the next five years, a move that will surge India’s contribution to its diamond revenues from the current 65%. For full story, click here
Sunday, August 9, 2009
Celebrating 20 years in India, the top brass of mining major Rio Tinto Diamond has set new goals for the Indian market. From being a mere supplier of raw diamonds, the company plans to mine diamonds in India too. For full story, click here
Continue reading "Rio Tinto has planned Aggressive Diamond Exploration in India"
Wednesday, June 3, 2009
Rio Tinto’s 2009 Argyle Pink Diamond Tender is all set to celebrate the 25th anniversary of its iconic offering of pink diamonds with an exceptional collection, including four outstanding heart-shaped gems. Josephine Archer, business manager, Argyle Pink Diamonds, comments on the 2009 collection, stated: The pink diamonds selected for this year’s Tender are a fitting [...]
Continue reading "Rio Tinto’s Pink Diamond tender in Mumbai"
Tuesday, June 2, 2009
Miner Rio Tinto has expected the plunge in diamond sales to taper off as destocking ends, but its mines could see further cutbacks if an improvement has failed to emerge. For full story, click here
Continue reading "Rio Tinto is hoping to destock over in diamond sector"
Tuesday, June 2, 2009
Anglo-Australian miner Rio Tinto PLC has declared a cut in diamond output 20% as it tries to avoid the division swinging to a loss, its chief executive for copper and diamonds, Brett Clayton. For full story, click here
Continue reading "Rio Tinto has strived to break even in Diamonds"
Friday, May 8, 2009
Rio Tinto Diamonds announced that it has launched an exciting new jewellery design contest aimed at demonstrating the beauty of champagne diamonds, of which Rio Tinto’s Argyle diamond mine is a leading supplier. For full story, click here
Continue reading "Rio Tinto Diamonds has launched champagne diamond design contest"
Tuesday, May 5, 2009
Rio Tinto Group, the world’s third- largest mining company, may have a 41 percent dip in production from the Diavik diamond mine in Canada as it cuts spending at the operation. For full story, click here
Continue reading "Rio’s Diavik Diamond Mine may have a 41% dip in 2009"
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Thursday, October 1, 2009