Rio Tinto’s Argyle diamond mine stops production after 37 years
This article originally appeared on ABC News and can be accessed here.
They say diamonds are forever, but time is finally up for Australia’s only operational diamond mine in Western Australia’s remote Kimberley region.
Since opening its doors almost 40 years ago, Rio Tinto’s Argyle diamond mine has produced 865 million carats of rough diamonds and is one of the few known sources of pink diamonds in the world.
But today the very last of these precious gems will be mined from the site, located within the ancient Matsu Ranges more than 3000 kilometres north of Perth.
Argyle general manager Andrew Wilson said employees and traditional owners would come together in a ceremony this morning to mark the historic milestone. read more
America decides. The RBA has decided!
We can only imagine how difficult the past few months have been, and we hope you are able to enjoy the freedoms you have had to sacrifice these past few months with your friends, family and loved ones.
In this week’s update, we talk about the upcoming Reserve Bank of Australia (RBA) meeting, scheduled to take place next week, and why it will likely end up being a critically important one for Australian investors trying to build and protect wealth in the years ahead.
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