IGO to record impairment against nickel assets in strategy shift
IGO has been undertaking a strategic review in an attempt to revaluate its resources.
Rio Tinto’s diamonds business has just completed its inaugural rough diamond viewing at the India Diamond Trading Centre in Mumbai’s Bharat Diamond Bourse.
A selection of Argyle and Diavik rough diamonds were viewed in Mumbai from 23 November to 25 November, prior to returning to Antwerp for auction.
These viewings, the first to be held at the India Diamond Trading Centre, provided an improved level of access and efficiency for local companies and were very well attended by Indian based traders and manufacturers.
Patrick Coppens, general manager of sales for Rio Tinto’s diamonds business said “We are delighted to be the first producer to use the state-of-the-art India Diamond Trading Centre facility for diamond viewings and congratulate the Bharat Diamond Bourse and Gem and Jewellery Export Promotion Council on setting up a solid infrastructure and processes to make this a success. Our presence at the India Diamond Trading Centre in Mumbai underscores our mine to market approach and commitment to staying close to our customers for all our sales channels. ”
