Rio Tinto pre-feasibility study confirms viability of Bunder Diamond project

Details: Category: Madhya Pradesh Mining Projects

Rio Tinto has acquired prospecting licence to do diamond exploration for an area of 15000 sq.km in the Bunder Diamond project in Madhya Pradesh. It estimates that 37 million tonnes of resource which are spread over an area of 17 hectares. There is also a possibility of extracting 0.7 to 27.4 carat diamond per tonne of reserves. The company has applied for prospecting licences to cover more area for reconnaissance and exploration around the project.