Diamond mining company Rio Tinto in the second quarter of 2016 decreased by 5% and amounted to 4.436 million carats. Extraction at Argyle mine (Argyle), owned by Rio Tinto 100%, increased 4% over the same period last year, up to 3.489 million carats. Extraction at Diavik (Diavik), which has 60% Rio Tinto, fell by 26% compared to the same period the previous year, and 16% as compared to the first quarter of the year 2016, to 0.948 million carats.
In the first half of 2016 Rio Tinto's diamond production reached 8.859 million carats. Thus on Argyle was produced by 4% more diamonds over the same period last year, or 6.88 million carats. Extraction at Diavik fell by 5% compared to the same period the previous year to 2.078 million carats.
Production growth at Argyle in this period was due to the expansion of ground operations for the production of diamond and increasing the volume of rock processing, but to some extent it has been offset by lower diamond content in the ore.
At Diavik production decline was due to the reduction of the content of the diamond in the rock, but this factor was partly offset by the growth of ore availability. However, production in comparison with the first quarter has fallen due to scheduled maintenance processing facility undertaken in the second quarter.
June 21, 2016 Rio Tinto has announced changes in the company structure.
In June 2015 Rio Tinto sold its 77.8 percent stake in Murowa Diamond in Zimbavbe. Bunder project (Bunder) company Rio Tinto India is awaiting approval of the Indian government. At the same time, the restructuring of the company was launched, which will now be divided into four divisions: Aluminum; Copper, and diamonds; Energy and mineral resources; and iron ore. In addition, the company has created a group on development and innovation, which will focus on the future assets of the company and support.
http://royalpearljewelry.blogspot.ca/
1 comment:
Signet Jewelers reported that its sales in the holiday season increased by 5% compared to the same period last year, reaching $ 1.95 billion. According to the company, stronger results were due to the strategic success of store brands, product categories and sales channels. The company also improved its forecast for revenue in the fourth quarter.
At constant exchange rates, total sales increased by 6.3%. Comparable sales were up 4.9% for eight weeks until 26 December. Sales through the company's online store jumped 11% to $ 139.7 million.
After the strong results of the festive season, Signet's narrowed the range of anticipated growth in same-store sales in the fourth quarter, which ends on 30 January, to 4.6% - 5% in comparison with the earlier estimate of 3.5% - 5%.
"Signet managed to achieve excellent holiday sales as a result of the successful implementation of our product plans, marketing and sales strategies through a variety of distribution channels, as well as due to our excellent attitude to clients, - said CEO Mark Layt (Mark Light) -. The implementation of trade initiatives in the third quarter, combined with investments in merchandising and marketing programs have made it possible for Signet achieve good results in the fourth quarter and beyond. "
Post a Comment