PROFILE |
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Ashton Mining gets Down Under and dirty for diamonds. The Rio Tinto subsidiary holds a 40% stake in western Australia's Argyle Mine, the world's largest diamond-producing mine by volume. Ashton Mining's output from the mine accounts for about 10% of the world's diamond production. The company also owns the Merlin Mine in Australia, a stake in the SDM mine in Angola, and has exploratory projects in Africa, Australia, Canada, and Indonesia. Ashton Mining has interests in Ashton Mining of Canada, which is active in North America, and in Australia's Aurora Gold. Anglo-Australian miner Rio Tinto acquired Ashton Mining in 2000 (after winning a bidding war with De Beers).
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1999 Sales (mil.): 168.30
1-Yr. Sales Growth: 26.8%
Employees: 333
Revenue per employee: $505,405.41
KEY PEOPLE |
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Douglas W. Bailey
CEO
Mark Hooper
CFO
CONTACT INFO |
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441 St. Kilda Rd., 4th Fl.
Melbourne 3004, Australia
Phone: 61-3-9832-9200
Fax: 61-3-9832-9211
Online: Web Site
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