Murowa Q4 Output up 12 percent
21 January 2015
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Murowa diamonds production for the fourth quarter to December increased by 12 percent on the previous quarter, driving its output for 2014 to 344,000 carats, the company reported on Tuesday.
At 101,000 carats, the fourth quarter production was four percent lower than the output achieved in the same period in 2013. Its annual production was seven percent higher than in 2013.
“Carats recovered at Murowa were seven per cent higher than in 2013 due to increased ore processed,” said Rio Tinto chief executive Sam Walsh.
Global resources giant Rio Tinto has a 78 percent interest in the company while the remaining 22 percent shareholding is owned by local miner, RioZim Limited.
“We have had a successful year of production, capped off with a robust fourth quarter. Output is in line with our targets across all of our major products,” said Walsh.
Rio Tinto also wholly owns Argyle Diamonds in Australia and 60 percent of Canada based-Diavik Diamonds.