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Angola & Rio Tinto Sign Massive Deal

Angola & Rio Tinto Sign Massive Deal

The Diamond Loupe
English
Diario de Noticias (PT)
08:38

Angola & Rio Tinto Sign Massive Deal

The Angolan Ministry of Mines, Minister Azevedo, has announced it has finally signed a deal with Rio Tinto, after months of negotiations, for the exploration of the 108 square km Chiri (kimberlite) diamond concession in the Lunda Norte region of the country. In the initial phase, Rio Tinto Angola has a 75% stake, Endiama a 25% stake, in addition to the establishment of a joint venture.

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