A spokesman said it has spent around $90 million on Bunder over the past 14 years and that total investment planned had been $500 million.The Bunder deposit, about 500 km southeast of New Delhi and discovered by Rio Tinto in 2004, is estimated to contain about 27.But Rio Tinto said this month it would pull out of the project by the end of the year to conserve cash and cut costs.
India will auction a diamond project that global miner Rio Tinto is abandoning, or allocate it to a state firm, the mines secretary said on Tuesday, adding that the government would move fast to tap t China hot water tap electric faucet Suppliers India will auction a diamond project that global miner Rio Tinto is abandoning, or allocate it to a state firm, the mines secretary said on Tuesday, adding that the government would move fast to tap the resource.4 million carats of diamonds potentially worth billions of dollars.