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If the value of something actually is determined by the price someone is willing to pay for it, Rio Tinto PLC's (NYSE: RIO) diamond assets are worth far less than the mining giant thinks they are.
Rio Tinto (corporation) (2 C, 19 P) Pages in category "Diamond mining companies" The following 23 pages are in this category, out of 23 total.
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The mine is owned by a joint venture between the Rio Tinto Group (60%) and Dominion Diamond Corporation (40%), and is operated by Yellowknife-based Diavik Diamond Mines Inc., a subsidiary of Rio Tinto Group. Commercial production commenced in 2003, and the lifespan of the mine is expected to be 16 to 22 years.
From 1877 to 1891, the Rio Tinto Mine was the world's leading producer of copper. [16] The open-pit Corta Atalaya mine was part of Rio Tinto's original operations in Spain. From 1870 through 1925, the company was inwardly focused on fully exploiting the Rio Tinto Mine, with little attention paid to expansion or exploration activities outside of ...
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The Tinto river, after which the company was named, runs rust-colored into the ocean, tinted by minerals. In 1873, the mines were bought by English bidders — who created a consortium for its exploitation — from the government of the First Republic (practically saved from bankruptcy by this sale) for 94,000,000 pesetas.
NEW YORK (Reuters) -A U.S. judge said Rio Tinto Plc must face an investor lawsuit accusing the Anglo-Australian mining giant of concealing delays and huge cost overruns at a Mongolian copper and ...