Rio Tinto Stresses Commitment to Diamonds - Rapaport

Rio Tinto reiterated its long term commitment to the diamond industry on Thursday as the company sought to further downplay BHP Billiton’s merger attempt. “Within the global diamond industry, Rio Tinto Diamonds is well positioned as a leading supplier to the market with a clear focus on the upstream portion of the value chain,” the company said in its 2007 annual report released Thursday (May 29, 2008.) Rio Tinto said its commitment to the sector was evident in investments made at its three operating mines.

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