Rio Tinto announced today that diamond production during the third quarter fell 10%, compared to the same quarter of last year.
Diamond production during the third quarter totaled 6,770,000 carats.
At its Australian Argyle diamond mine, output fell slightly in the third quarter, compared to the same quarter of last year. However, compared to the previous quarter, diamond production soared 56% due to improved feed grade and higher throughput.
“As the open pit approaches the end of its life and the (Argyle) diamond mine transitions to underground operation variability in feed grades and production rates will continue,” Rio Tinto said in a statement.
Third quarter production at the Diavik diamond mine was down 26% compared to the same quarter of 2007 and 8% lower compared to the previous quarter.
By: PolishedPrices
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