Rio Tinto will invest $803m in order to increase production at its Argyle diamond mine in Western Australia (WA).

The investment will cover project development and construction of extraction services, crushers, a conveyer and pump stations for the underground block cave project at its Argyle mine in the Kimberley region of north-west WA.

Rio Tinto said it expects to produce nine million tons a year by 2013 from the project, which will extend the mine life until at least 2019.

Construction of an underground mine to complement the existing open-pit operation will be launched in the first half of 2011.

Argyle diamond mine produces 20% of global diamond supply and is the world’s largest producer of pink diamonds.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.