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Rio Tinto Diamond Production Declines, Investment Continues

Diamond Minute


Rio Tinto’s diamond production fell 28% in the third quarter, as its Diavik mine in Canada transitions to underground operations and nears closure.


But the company is still showing confidence in the diamond industry, with a prospective exploration program in Angola and an inventory of fancy color diamonds from the Argyle mine which closed in 20202…

 

Here's my take on the company...



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