The news that the world-renowned mining giant Australian mineral producers Rio Tinto said the job cuts will be the implementation of the Argyle diamond mine in Western Australia, designed to reduce the cost of the business. It is understood that Rio Tinto has begun to weigh exit the diamond business, while the Argyle diamond mine owners If its output of rare pink diamond famous.
It is understood, Argyle diamond mine began operating in 1983, is the world's largest rare pink diamond suppliers. Rio Tinto said the Argyle diamond mine pink diamond production accounting for one-fifth of the global natural pink diamond production.
Analysts pointed out that Rio Tinto's Argyle diamond mine, a time when the company decided to cancel some of the expansion project and the layoffs, designed to cope with rising operating costs, while alleviating the decline in commodity prices that the adverse impact on company performance implementation of the layoff decisions impact. Rio Tinto is currently seeking resorting to layoffs in the coal mines of the East Australian business, and said that a coal mine will be closed before the end of the year, rather than to find other ways to extend its operating life. Rio Tinto spokesman Bruce Tobin said: "like others in the industry, the Argyle diamond mine is also facing rising costs adversely affected if you do not lay off, it is difficult to think of other ways and measures to deal with this situation. Unfortunately the the layoff decision will mean that some jobs might be cut. "
But for the specific number of layoffs, Bruce Tobin refused to disclose.
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