Rio Tinto’s Diavik Diamond Production Slips 22% in Q1 2024

Mining giant Rio Tinto reported a 22% decrease in diamond production at its Diavik mine in Canada for Q1 2024, totaling 740,000 carats. This decline was attributed to a production pause to honor lost colleagues and lower ore mined from depleted ore bodies. However, Q1 output showed a 12% increase from the previous quarter. Rio Tinto also transferred ownership of the Fort a La Corne diamond project to Star Diamond Corporation and is advancing with a new diamond project in Angola.

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