Originally posted by pentacost
RIO had MED as flag ship diamond mine all jorc up then went bought ashton mining in 2000 with de beers hunting.. rest is history ,, with argyle shutting down .. i am happy to roll the dice in MED.. if you have no shares dont worry... 2019 ramp up IMO
Merlin was never a flagship mine for Rio, it was a bit on the side. They decided to mine the easy top meters and when that was done decided it was not profitable for them to continue. It produced around 500K carats of diamonds in four years (Argyle produced more in a week).