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Dominion Diamond's 4Q Sales +8%, Profit -10%
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Dominion Diamond Corporation, formerly known as Harry Winston Diamond Corporation, reported that sales from its mining operations rose 8 percent year on year to $110.1 million in the fourth quarter that ended on January 31, 2013....
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Mining
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Apr 04, 2013
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Avi Krawitz
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Mining
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Apr 02, 2013
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Avi Krawitz
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Mining
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Mar 15, 2013
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Jeff Miller
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Rio Tinto's Diamond Revenue +2% in 2012
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Rio Tinto reported that revenue from its diamond operations rose 2 percent to $741 million in 2012. Despite the increase, the division posted a net loss of $43 million compared with earnings of $10 million the...
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Mining
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Feb 14, 2013
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Avi Krawitz
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Strong Demand at Rio Tinto’s Large Rough Diamond Tender
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Rio Tinto witnessed strong bidding for its recent sale of rough diamonds larger than 10.8 carats.The company offered 94 parcels of diamonds in the tender, including 26 weighing more than 20 carats. "[The diamonds] attracted very...
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Rough Markets
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Nov 07, 2012
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Dilipp S Nag
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Rio Tinto Creates a Large Rough Diamond Tender
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Rio Tinto launched a ''Specials Tender,'' which showcases fine rough diamonds, greater than 10.8 carats, from a year’s worth of production from its three operating diamond mines in Australia, Canada and Zimbabwe.The collection comprises...
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Rough Markets
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Oct 04, 2012
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Dilipp S Nag
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No Time Pressure on Rio Tinto Diamond Review
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Rio Tinto said it’s under no time constraints to decide on the future of its diamond business, stressing that it will review all of its options, including a possible divestment from the industry.The company announced in March that...
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Mining
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Sep 13, 2012
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Dilipp S Nag
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Rio Tinto's 1H Diamond Revenue +12%
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Rio Tinto reported revenue from its diamond business rose 12 percent year on year to $350 million during the first six months of 2012. Revenue growth was driven by higher production, while rough demand experienced...
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Mining
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Aug 08, 2012
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Avi Krawitz
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Diavik Diamond Mine Highlights 1H12 Business Impact
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In its mid-year socioeconomic impact statement, Diavik Diamond Mines Inc. reported that combined capital and operating expenditures totaled $237.6 million with roughly 62 percent of that amount directly funding Canada's northern business community....
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Mining
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Jul 30, 2012
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Jeff Miller
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Harry Winston Estimates Rough Prices Fell 8% in 2Q
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Harry Winston estimated that rough diamond prices have declined by 8 percent since April as demand has softened. The company estimated that prices have dropped about 4 percent since the beginning of the year.Harry Winston...
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Rough Markets
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Jul 17, 2012
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Avi Krawitz
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Rio Tinto's 2Q Diamond Production +3%
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Rio Tinto reported that its diamond production rose 3 percent year on year to 2.808 million carats in the second quarter of 2012. Growth was driven by increased output at the Australia-based Argyle mine, which achieved higher...
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Mining
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Jul 17, 2012
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Avi Krawitz
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Diavik Team Wins Underground Mine Rescue Competition
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A rescue team from the Diavik diamond mine scored a second consecutive win at the 55th annual Workers’ Safety and Compensation Commission’s Mine Rescue Competition held June 15 and 16 in Yellowknife, Canada. Diavik's team captain...
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Mining
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Jun 25, 2012
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Jeff Miller
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Rio Tinto Appoints Truter to Oversee Argyle Mine
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Rio Tinto appointed Kim Truter as the managing director of the company's Argyle diamond mine in Australia, effective July 1. Truter held a number of senior roles within Rio Tinto and most recently served as president and...
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Mining
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Jun 20, 2012
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Dilipp S Nag
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Harry Winston's 1Q Revenue +34%, Profit Jumps to $12M
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Harry Winston Diamond Corporation reported first quarter sales rose 34 percent year on year to $192.5 million for the three months that ended on April 30, 2012. Mining segment sales jumped 44 percent to $89 million...
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Financial-Legal
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Jun 06, 2012
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Jeff Miller
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Diavik Records a Milestone in Underground Transition
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The Diavik diamond mine in Canada achieved a milestone in its transition to underground mining on April 23, 2012 by having processed one million tonnes of ore. Underground production commenced in early 2010 in conjunction with open-pit mining, and...
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Mining
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May 03, 2012
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Deena Taylor
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Rio Tinto's 1Q Diamond Production +41%
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Rio Tinto’s diamond production rose 41 percent year on year to 3.518 million carats in the first quarter of 2012, driven by improved output at its Argyle and Diavik mines.Output at the company’s fully owned Argyle mine in Australia...
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Mining
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Apr 17, 2012
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Avi Krawitz
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Mining
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Apr 16, 2012
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Avi Krawitz
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Mining
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Apr 05, 2012
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Jeff Miller
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Harry Winston's 4Q Sales Flat on Weak Retail
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Harry Winston reported that consolidated sales were flat at $216 million in the fourth fiscal quarter that ended on January 31, 2012 as its retail performance slumped during the period, which included Christmas. Group...
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Rough Markets
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Apr 05, 2012
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Avi Krawitz
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More Diamond Mines For Sale
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The announcement this week that Rio Tinto is considering selling its diamond assets offered some shock value but little surprise. Like its conglomerate rival BHP Billiton, which made a similar declaration four...
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Mining
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Mar 30, 2012
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Avi Krawitz
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