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...

https://youtu.be/mjR-DQ1-oJE?si=CDIj0vEbOGjat46-