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Rio Keen on Diamond Hunt in MP
Apr. 15, 2011 04:19PM PST
Gem InvestingThe 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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