Rio Keen on Diamond Hunt in MP

The Telegraph reported on Rio Tinto’s (NYSE:RIO) application for a diamond mining license in India.

The market news is quoted as saying:

“We have applied for a mining licence from the central government … in this area where we have a prospecting licence and the ‘inferred resource’ is estimated at 27.4 million carats,” said Nik Senapati, managing director of Rio Tinto India. Rio was given the prospecting licence in 2006.

To read the full market news, click here.