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Rio Tinto gives shelved diamond mine to central Indian state

Cecilia Jamasmie | February 07, 2017 | 3:00 am Top Companies Asia Australia Canada Europe Diamond 

Mining giant Rio Tinto (ASX, LON:RIO) said Tuesday it’s handing its shelved and massive Bunder diamond deposit in India to the state government of Madhya Pradesh, where the mine is located. The company, which spent almost $120 million on the asset discovered...

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