Rio Tinto Reiterates Positivity on Indian Diamonds

Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) said at the recent World Diamond Conference that its strategic partnership in India will help put the country on the map in terms of diamond mining. Specifically, the company said its Bunder diamond project highlights India’s diamond prospectivity.

Jean-Marc Lieberherr, managing director of Rio Tinto Diamonds, said:

Development of our Bunder diamond project in Madhya Pradesh is a natural continuation of the partnership model and would put India among the top 10 diamond producing countries in the world.

The Bunder project is positive proof of the natural abundance and prospectivity of India and provides the ideal opportunity to showcase a new benchmark for mine development in India. The opportunity to produce diamonds mined, manufactured and marketed in India on a commercial scale is exciting and very much aligned to the ‘Make in India’ campaign.

Click here to read the full Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) press release.