Rio Tinto Q3 does not focus diamond!
Rio Tinto lowers diamond production In the just released third quarter Q3 production results Rio Tinto does not included diamond in its Key Points, and does not highlighted diamond production at a glance! Rio Tinto chief executive J-S Jacques said “We have delivered consistent operational performance in the third quarter, highlighted by strong production from the Group’s copper assets. We made strong strategic progress with the full exit from coal, the announcement of the additional $3.2 billion of share buy-backs, and the signing of a binding conditional agreement to exit Grasberg for $3.5 billion. We continue to pursue all opportunities to improve productivity and drive enhanced cash flow generation. This, combined with the disciplined allocation of capital, will ensure we continue to deliver superior returns to our shareholders in the short, medium and long-term.” De facto at Argyle, carat production was 19 per cent lower than the third quarter of 2017, when pr