Rio Tinto reported notable results in its diamond operations for both Q4 and the full year of 2024. The company recorded an 18% year-on-year increase in Q4 diamond production at its Diavik mine, reaching 775,000 carats. This recovery follows operational disruptions caused by a subsidence event earlier in the year, with production bolstered by improved underground ore deliveries.<\/p>\n
For the full year 2024, Diavik produced 2.76 million carats, reflecting a 17% decline compared to 2023. The reduction was primarily attributed to the earlier challenges, although the latter part of the year showed strong recovery momentum. A significant achievement during the year was the safe completion of Phase 1 of the A21 underground mine development. Commercial production commenced in October 2024, enhancing the mine\u2019s operational capacity and providing a critical boost to diamond output.<\/p>\n","protected":false},"excerpt":{"rendered":"
Rio Tinto reported notable results in its diamond operations for both Q4 and the full year of 2024. The company recorded an 18% year-on-year increase in Q4 diamond production at its Diavik mine, reaching 775,000 carats. This recovery follows operational disruptions caused by a subsidence event earlier in the year, with production bolstered by improved…<\/p>\n","protected":false},"author":1,"featured_media":29401,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-29400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n