Where does India stand on Rio Tinto’s map?
India is an important partner for Rio Tinto. More than 90 per cent of the Argyle production is cut and processed here. More than 60 per cent produce of Diavik mine in Canada is cut and polished here. When we talk about diamond mine, India comes first in our mind. Q: What is the current status of your plan for diamond mining in India? A: We are seeking a mining lease for a site at Bunder (Madhya Pradesh) where we are in the process of drilling to update us with the quality of diamond, approximate reserves and the mine life. Reconnaissance sampling has covered more than 32,000 sq km and has resulted in the discovery of more than 30 pipes, first of its kind in India. This is set to become a world-class diamond mine. I believe, it will take one year to commence feasibility study on the Bunder project and two more years for pre-mining preparations. During the three-year period, we are hopeful to obtain mining rights from the government. Thus, the mine is expected to become operational by 20
