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Rio Tinto Appoints Truter to Oversee Argyle Mine

Jun 20, 2012 1:58 AM   By Dilipp S Nag
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RAPAPORT... Rio Tinto appointed Kim Truter as the managing director of the company's Argyle diamond mine in Australia, ‎effective July 1. 

Truter held a number of senior roles within Rio Tinto and most recently served as president ‎and chief operating officer of the Diavik diamond mine in Canada. He was instrumental in ‎leading the development of underground mining at the Diavik mine, the company noted.

‎“I am delighted with Kim’s appointment and his extensive experience will be invaluable in ‎leading the future development of the Argyle diamond mine," said Bruce Cox, the managing ‎director of Rio Tinto Diamonds.

The Argyle mine is the world’s largest producer of colored diamonds and has produced almost ‎‎800 million carats of diamonds since launching production in 1985. The mine is currently ‎transitioning into an underground operation below the existing open pit mine, which will extend production to at least 2019.

‎“The Argyle diamond mine is an iconic Australian operation and it plays an important role in Rio ‎Tinto’s global diamonds business,” Truter said. “I am looking forward to working with the team ‎at such an exciting time in Argyle’s growth and development.”

Truter’s appointment is the second high profile appointment for Rio Tinto’s diamond ‎operations in just over a month, despite the company’s stated plans to exit the diamond ‎business. The company appointed Tarun Malkani in May to lead its Bunder diamond ‎project in Madhya Pradesh, India, also beginning July 1. 

Rio Tinto in March said it was considering divesting from its diamond interests. The company ‎owns the Argyle mine in Australia, along with a 60 percent stake in the Diavik mine in Canada, a ‎‎78 percent share of the Murowa mine in Zimbabwe and the advanced Bunder mining ‎development project in India.‎
Tags: Argyle, Argyle diamond mine, Australia, Bruce Cox, Bunder, Bunder Diamond Project, Canada, diamond, diamonds, Diavik, Diavik Diamond mine, Dilipp S Nag, India, Kim Truter, Madhya Pradesh, Murowa, Rapaport, Rio Tinto, Rio Tinto Diamonds, Tarun Malkani, Zimbabwe
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