Production at Canada’s Diavik Diamond Mine dropped 17 per cent in 2024, as Rio Tinto faced challenges stemming from a struggling global diamond market, a tragic plane crash at the mine, and the shift to underground mining operations at one of its pipes. The decline reflects broader difficulties within the diamond mining sector, where other major players have also seen significant losses.

According to National Jeweler, Rio Tinto reported that Diavik’s production … Continue reading Production and revenue decline at Diavik Diamond Mine