Gem

Rio Keen on Diamond Hunt in MP

Gem Investing

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

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.

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