Rio Tinto Exploring Diamond Options for Post-Argyle Era

Mining and Exploration
04/10/2019 11:12

Diamonds is a business we like a lot. It’s a very high-margin business in line with our strategy of value over volume. It makes a lot of sense. We want to stay in the diamonds business, so we have committed 20% of our exploration budget to diamonds. We are also exploring for mergers and acquisitions.

- Arnaud Soirat, Rio’s chief executive for copper and diamonds, speaking to Bloomberg