Rio Tinto 'eyes Zimbabwe diamond boost'

Thursday, June 03, 2010

A diamond firm in Zimbabwe which is majority-owned by Rio Tinto says it hopes to raise output sharply at a mine in the south of the country.

A $300m (£207m) expansion of the 300,000-carat per year Murowa mine is being prepared, Reuters has reported.

Rio Tinto owns 78 percent of Murowa, and Rio Zim, a Zimbabwean-owned unit separated from Rio Tinto in 2004, owns the rest.

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