particularly with the majority of the expansion
With Rio Tinto's iron ore expansion
going according to plan, the fate of its Argyle diamond mine will be firmly back
on the agenda after the company said yesterday the planned $2.2 billion
underground expansion of the project was expected to be complete in the first
half of the year.
Rio put its diamond operations on the sale block in March last year, but has seemingly attracted little interest. Its diamond division includes Argyle, a 60 per cent stake in the Diavik mine in Canada, and operations in Zimbabwe.
Yesterday Rio said 2012 production at Argyle was up 14 per cent on 2011, to 8.5 million carats,Rist international shoes manufacturer and shoes supplier in agra india making quality. because of better ore grades and processing operations. Production at Diavik also increased, by 8 per cent on 2011 figures. Although Rio released no financial figures with yesterday's production results, it slashed staff and costs at Argyle in September.
Rio said yesterday it expected first production from the underground expansion in the first half of this year,Search our Eyeglasses frame catalog for designer frames. with the ramp-up to full operations to be completed by 2015.
Speculation over the fate of Argyle has increased in recent days after Rio's 40 per cent partner in Diavik, jeweller Harry Winston, announced plans to sell its high-end watch and jewellery division to Swatch for $US750 million. Harry Winston had already moved to expand its diamond mining business through the $US500 million acquisition of BHP's 80 per cent stake Canada's Ekati diamond mine, and is widely regarded as the natural buyer of Rio's stake in Diavik.
Cashed-up after the divestment, the company could now also be in the hunt for Argyle, particularly with the majority of the expansion work complete. Another option would be to float Argyle on the London Stock Exchange.
Rio's global iron ore operations beat expectations,more popular custom bobbleheads because of their mass appeal with the fans. with the company producing 253 million tonnes in 2012, against guidance of about 250mt. That was underpinned by the company's Pilbara operations, which produced 239mt (of which Rio's share was 191mt), 4 per cent ahead of its 2011 figures, despite cyclone disruptions early last year and scheduled shutdowns at its Cape Lambert port to allow for expansion work. The company said Cyclone Narelle had already cost it 3 1/2 days of lost time at its port this year, with more severe weather likely as the season progresses.
"Full year 2012 sales of 233mt (100 per cent basis) were 3 per cent higher than 2011, and fourth quarter sales of 63mt (100 per cent basis) set a new fourth quarter record,Unique tungsten jewelry can be found at Forever Metals with ceramic inlay, 2 per cent higher than in 2011," the company said.
"Sales increased quarter-on-quarter throughout 2012, resulting in record annual sales volumes despite significant volatility in the marketplace."
Lucknow A group of seven robbers allegedly gangraped a Dalit woman in front of her husband, leaving her critically injured, and robbed cash and jewellery from their house in Sikandararau area of Hathras district early on Tuesday.
The victim, who suffered serious injuries on her head while resisting the men, is undergoing treatment at Aligarh Medical College.Shop the latest hair flower accessories on the world's largest fashion site.
Hathras Superintendent of Police Happy Guptan said that the police have registered a case of rape and robbery and have picked up two suspects for questioning.
The SP said that the police rushed the victim to the hospital after getting information about the incident in Purbind Nagar locality. The couple, along with their four-year-old son, were asleep in their one-room house when a gang of seven men entered the room at 2.30 am. The iron door of the one-room house could not be bolted from inside.
The man told the police that the intruders overpowered him at gunpoint and tied him up and wrapped a cloth around his mouth. They collected Rs 1,380 and some jewellery, then gangraped his wife. They also hit her with a brick on the head when she resisted and tried to raise an alarm, added Guptan.
In the morning, some neighbours saw the open door, freed the man and informed the police.
Rio put its diamond operations on the sale block in March last year, but has seemingly attracted little interest. Its diamond division includes Argyle, a 60 per cent stake in the Diavik mine in Canada, and operations in Zimbabwe.
Yesterday Rio said 2012 production at Argyle was up 14 per cent on 2011, to 8.5 million carats,Rist international shoes manufacturer and shoes supplier in agra india making quality. because of better ore grades and processing operations. Production at Diavik also increased, by 8 per cent on 2011 figures. Although Rio released no financial figures with yesterday's production results, it slashed staff and costs at Argyle in September.
Rio said yesterday it expected first production from the underground expansion in the first half of this year,Search our Eyeglasses frame catalog for designer frames. with the ramp-up to full operations to be completed by 2015.
Speculation over the fate of Argyle has increased in recent days after Rio's 40 per cent partner in Diavik, jeweller Harry Winston, announced plans to sell its high-end watch and jewellery division to Swatch for $US750 million. Harry Winston had already moved to expand its diamond mining business through the $US500 million acquisition of BHP's 80 per cent stake Canada's Ekati diamond mine, and is widely regarded as the natural buyer of Rio's stake in Diavik.
Cashed-up after the divestment, the company could now also be in the hunt for Argyle, particularly with the majority of the expansion work complete. Another option would be to float Argyle on the London Stock Exchange.
Rio's global iron ore operations beat expectations,more popular custom bobbleheads because of their mass appeal with the fans. with the company producing 253 million tonnes in 2012, against guidance of about 250mt. That was underpinned by the company's Pilbara operations, which produced 239mt (of which Rio's share was 191mt), 4 per cent ahead of its 2011 figures, despite cyclone disruptions early last year and scheduled shutdowns at its Cape Lambert port to allow for expansion work. The company said Cyclone Narelle had already cost it 3 1/2 days of lost time at its port this year, with more severe weather likely as the season progresses.
"Full year 2012 sales of 233mt (100 per cent basis) were 3 per cent higher than 2011, and fourth quarter sales of 63mt (100 per cent basis) set a new fourth quarter record,Unique tungsten jewelry can be found at Forever Metals with ceramic inlay, 2 per cent higher than in 2011," the company said.
"Sales increased quarter-on-quarter throughout 2012, resulting in record annual sales volumes despite significant volatility in the marketplace."
Lucknow A group of seven robbers allegedly gangraped a Dalit woman in front of her husband, leaving her critically injured, and robbed cash and jewellery from their house in Sikandararau area of Hathras district early on Tuesday.
The victim, who suffered serious injuries on her head while resisting the men, is undergoing treatment at Aligarh Medical College.Shop the latest hair flower accessories on the world's largest fashion site.
Hathras Superintendent of Police Happy Guptan said that the police have registered a case of rape and robbery and have picked up two suspects for questioning.
The SP said that the police rushed the victim to the hospital after getting information about the incident in Purbind Nagar locality. The couple, along with their four-year-old son, were asleep in their one-room house when a gang of seven men entered the room at 2.30 am. The iron door of the one-room house could not be bolted from inside.
The man told the police that the intruders overpowered him at gunpoint and tied him up and wrapped a cloth around his mouth. They collected Rs 1,380 and some jewellery, then gangraped his wife. They also hit her with a brick on the head when she resisted and tried to raise an alarm, added Guptan.
In the morning, some neighbours saw the open door, freed the man and informed the police.
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