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Rio Tinto Diamond Unit Remains in Red
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Rio Tinto Diamond Unit Remains in Red
Rio Tinto’s diamond business incurred a loss in 2025 amid the global market slowdown and as the company’s remaining mine neared its end of life. Revenue rose 19% to $332 million for the 12 months, it said Thursday. Despite the improvement in revenue, the miner reported an underlying EBITDA loss of $79 million. EBITDA stands for earnings before interest, taxes, depreciation and amortization. However, that figure marks a gentler decline than the $…
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