Rio Tinto Diamond Returns to Profit H1 2021

Mining and Exploration
05/08/2021 06:39

According to Rapaport, Rio Tinto Diamonds, operating the Argyle mine in Australia, the mine that was closed in November last year, and the Diavik mine in Canada, made US$5m profit in the first 6 months of the year. The company recovered 3.1m ct from Diavik - up 2% - and sales, operated by the Antwerp division of Rio Tinto Diamonds, were up 13% to US$160m. Rio Tinto's final Argyle pink showcase bidding, with viewings in Perth, Antwerp, Singapore and Sydney, will close on Sept 1st.