Fewer diamonds will be coming out of Rio Tinto’s Argyle mine in 2009. The company says the current global economy is spurring it to implement a debt reduction plan that will see the mine’s underground project cut back to only critical development activities.
Rio Tinto is going down under. Amid strong demand for diamonds in the U.S. and growing markets in China, India, and the Middle East, the mining giant says transitioning to underground mining operations at the Argyle and Diavik mines is key to its long-term plans.
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