DIAMONDS: Murowa Q1 production falls 38 000 carats

DIAMOND production Murowa, which is 77,8 percent owned by Rio Tinto, dropped to 51 000 carats in the first quarter of 2015 from 89 000 carats in the same period a year earlier as there was a plant shutdown to reconfigure the processing plant.

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“Carats recovered at Murowa were significantly lower than the comparator periods due to a planned plant shutdown to reconfigure the processing plant and a decision to reduce production rates pending confirmation (subsequently received) that a new 15 percent export tax did not apply to Murowa,” said Rio Tinto in the  first  quarter operations review published today.

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Ore processed during the period under review declined to 117 000 tonnes from 142 000 tonnes a year earlier.

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Rio Tinto has listings in the London, New York and Australian Stock Exchanges.

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