Headlines

Rio Tinto Shutters Diamond Mine In India After Delays

Published

9 years ago

August 24, 2016

Company awaited environmental approvals related to tiger habitats.

British-Australian mining giant Rio Tinto will close the Bunder diamond mine in India after delays related to environmental approvals, Bloomberg reports. The article says the approvals would have allowed clearing of forests in areas important to tigers. The project could have raised India’s profile as a major diamond producer. The company said it is working with federal and state governments to find another investor to take over the mine. Rio Tinto now has two working diamond mines, in Western Australia and Canada’s Northwest Territories.

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