Rio’s Zimbabwe diamond unit output up 43% in 2010
Rio Tinto’s Zimbabwe diamond unit is showing a 43 percent increase in output, Reuters Africa is reporting:
Diamond output from global miner Rio Tinto’s Zimbabwe subsidiary rose by 43 percent in 2010, and the firm continues to review plans to expand the mine, the local minority shareholder in the venture said on Thursday.
Diamond production at Murowa mine in southern Zimbabwe rose to 178,126 carats from 124,422 carats in 2009, said shareholder RioZim Limited, which holds a 22 percent stake in the main and was itself owned by Rio Tinto until 2004.
Read the full story
{{ commodity.name }}
{{ post.title }}
{{ post.date }}
Comments