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- Title
DIAMONDS: Democratic Republic of Congo.
- Abstract
The article reports on the agreement signed by Rio Tinto PLC with BRC DiamondCore Ltd., concerning five diamond properties in the Democratic Republic of the Congo (DRC). According to Eric Finlayson, head of exploration of Rio Tinto, the Congolese government was making a genuine effort to ensure the regulatory environment was more conducive to investment. Rio Tinto would contribute $0.5 million to an initial sampling programme by BRC and will be spending $3 million on programmes run by the latter at each selected property. A join venture will be formed after the second phase exploration.
- Subjects
CONGO (Democratic Republic); INDUSTRIAL diamonds; INDUSTRIAL minerals; RIO Tinto PLC; BRC DiamondCore Ltd.; MINERAL industries; MINERAL investment; PROSPECTING costs; INTERNATIONAL business enterprises; FOREIGN corporations
- Publication
Africa Research Bulletin: Economic, Financial & Technical Series, 2008, Vol 45, Issue 6, p17899
- ISSN
2053-227X
- Publication type
Article
- DOI
10.1111/j.1467-6346.2008.01807.x