Rio cut takes the shine off Argyle

Written on the 6 March 2017

Rio Tinto has thrown fresh doubt on the future of its Argyle mine in the Kimberley, slashing the resources at the iconic diamond mine as part of a review of its future.

The updated reserves and resources statement, released by Rio along with its annual report on Thursday, shows the global mining giant has cut Argyle's resources by two-thirds from 44 million tonnes of ore at the end of 2015 to 15 million tonnes this year.

Rio said the cut "follows the ongoing review of potential mine-life extension options and restricts reported resources to that component of the known mineralisation which may be developed, mined and processed within the current operational mine life".



Upcoming Events

Latest news

Matso's Acquired by Gage Roads Brewing

The Peirson-Jones family are delighted to announce that we have agreed to sell Matso's Broome Brewery (Matso's) to Gage Roads Brewing Co (ASX:GRB), one of Australia's leading independent craft brewers. The agreement will see the Matso's range become an integral part of Gage Roads' portfolio of well-known craft beers an...

Read More

Articles via RSS rss

Sign Up for the latest news & events

Does your business attract, recruit and retain staff by offering employment or work experience to young Aboriginal employees?
CLICK HERE to become a Working Together Employer of Choice.



We are located at:

6 Napier Tce
(behind the Westpac bank)
WA 6725

Chamber office hours

Monday: 10am - 3pm
Tuesday: 10am - 2pm
Wednesday: 10am - 3pm
Thursday: 10am - 2pm
Friday: 10am - 2pm

Please ring for an appointment


(08) 9193 5553

After Hours

0410 967 509