News

Advanced Search

Rio Tinto Opens New Pipe at Diavik

Aug 21, 2018 8:37 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... Rio Tinto has begun mining the A21 pipe, an extension at its Diavik asset that should allow the company to sustain production levels over the next four years.

The project took four years to construct at a cost of $350 million. A21 is the fourth pit at Diavik, which is located in Canada’s Northwest Territories. The company began processing ore from the pipe in March, and expects to reach full production during the fourth quarter.

“This investment…reflects the strong outlook we see for the diamond industry,” Arnaud Soirat, CEO of Rio Tinto Copper and Diamonds, said Monday. “It is a remarkable achievement to deliver this project safely and ahead of time in such a challenging environment, positioning Diavik to continue meeting the demand for its outstanding diamonds.”

Rio Tinto owns a 60% share in Diavik, with the remaining 40% held by Dominion Diamond Mines.

Image: Rio Tinto
Tags: A21, A21 pipe, Arnaud Soirat, Diavik, Dominion Diamond Mines, Rapaport News, Rio Tinto, Rio Tinto Copper and Diamonds
Similar Articles
Nimesh PatelDe Beers CFO to Leave Company
Apr 02, 2020
De Beers chief financial officer Nimesh Patel will exit the company on July 26 to become CFO and
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2020 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.