Rio hunts for new diamond mine as clock ticks for Argyle operation

Original article by Tess Ingram
The Australian Financial Review – Page: 19 : 30-Aug-17

Rio Tinto’s diamonds division will ramp up exploration as it seeks to replace the ageing Argyle and Diavik mines. Rio CEO Jean-Sebastien Jacques says the company will consider acquisitions in the sector, but its preferred option is to discover a new diamond deposit. He is optimistic that Rio can establish another diamond mine in Australia, and he would particularly like to find a new pink diamond mine, given the rarity of these diamonds and the premium prices they fetch.

CORPORATES
RIO TINTO LIMITED – ASX RIO, DE BEERS SA

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