Rio Tinto, one of the world's largest mining companies, announced an increase in diamond production in the third quarter, which was more than 3% higher than a year ago.
Extraction at Argyle mine (Argyle) increased by 3% during the first 9 months, up to 10.37 million carats, and the mine Diavik (Diavik) is increased by 2%, to 3.0 million carats. Total for the first 9 months of 2016 Rio production rose to 13.37 million carats.
According to the company, at the Argyle diamond production growth is associated with increased production from the underground mine due to an increase in the processing of rock. In part, this increase in production due to lower diamond content in the rock. At the Diavik diamond production in the third quarter slightly decreased, which was due to a lower content of diamonds, but offset by higher ore availability.
Common performance indicators Rio Tinto in the third quarter amounted to 4.40 million carats, which is 3.4% higher than in the same period in 2015. Extraction at Argyle decreased by 1% in the same period, up to 3.49 million carats, and Diavik - increased by 22% to 0.92 million carats.
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In an attempt to curb gold imports, which cost the Indian government $ 36 billion last year, the authorities of this country will soon hold an auction for at least three gold mines.
The move is the latest effort from New Delhi to increase gold production levels in the country and reduce dependence on imports of gold. From the mines in the auction, two are new and are located in the eastern states of Jharkhand and Chhattisgarh, and the combined gold reserves are as reported, up to 3 million tons. A third shaft, put up for auction will be abandoned mine Kolar (Kolar) in Karnataka, which 15 years ago was closed due to high costs.
Vedanta Resources Indian billionaire Anil Agarwal (Anil Agarwal) and the company Rio Tinto, are reported to be the most likely candidates for buying the mines.
India has also launched an exploration program "Uncover" for sensing and exploration of deep or hidden mineral deposits, which will be carried out in two separate areas of the country.
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