Sentences with phrase «diamond mines expected»
Shortly after it closed, BMO Capital Markets mining analyst Edward Sterck told the Northern Miner that choosing mining over retail made sense for the company, given the number and size of diamond mines expected to come on stream over the next few years.
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Rio Tinto is reportedly reassessing its mining activities (in addition to its Diavik stake, its diamond assets include Australia's Argyle mine, the Murowa mine in Zimbabwe, and Bunder, an advanced project in India) and is expected to make a decision on them by the end of the year.
For one thing, the production of mined diamonds is expected to peak in 2019, according to The Economist.