Last Updated :
31 October 2009 at 23:10 IST
Rio to set up diamond plant in India
BHOPAL (Commodity Online): Rio Tinto Diamonds will set up a sample processing plant in Madhya Pradesh, a state in India. The plant has the capacity to check 10 tonnes of deposits an hour.
The plant is a part of the $464 million Bunder project. The first results from the plant are expected by the end of 2009.
As the next stage, Rio Tinto Diamonds will conduct engineering studies along with the social and environmental impact studies. These studies may be completed in 2–3 years.
The next phase of evaluation at the Bunder project will involve engineering studies as well as social and environmental impact studies that will take two to three years to complete.
Once operational, the mine is likely to produce 2 million to 3 million carats per year of diamonds
MCX Tin 30 April 2012
contract was trading at
Rs 1077.75 . What's your view on it?
After reading this article, people also read:
