Rio Tinto Group previously announced plans to close the diamond project Bander (Bunder) in the Indian state of Madhya Pradesh, and is now in the Ministry of the hill country of production will find its viability in view of concerns about the impact on the environment, media reported.
The project is located in an area with high requirements to protect the environment, and it is unclear whether will be able to re-auction for its sale, said Balvinder Kumar (Balvinder Kumar), Minister of Mines of the country. In Rio Tinto said its intention to work with the government and the state to find a new investor diamond project.
"The project is in the region of Bandar large forest thickets, - says Kumar -. Ministry of the Environment believes that if the commercial exploitation of this mining block only the development of deep underground mines is possible in this area is necessary to understand, it is possible.".
Rio Tinto had hoped to start production at Bunder in 2019. This mine is expected to become one of the 4 new diamond mines, which will begin production in the next decade.
"The transfer unit is not possible under the new policy of India in relation to mining, and therefore the only opportunity - to conduct an auction again," - says RK Sharma (RK Sharma), secretary general of the Federation of Indian Mining (Federation of the Indian Mineral Industries) .
"If the government will not hold a second auction of the mine due to concerns about its impact on the environment, that Rio Tinto will not get back the money spent on exploration," - he added.
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During the fair Baselworld Council for Responsible Jewelry practice (Responsible Jewellery Council, RJC) announced a review of its certification scheme to include in her colored gemstones. Previously, only RJC certified diamonds, gold and platinum group metals.
New features of the Council are the result of discussions and cooperation existing RJC members with stakeholders in the sector of colored gemstones in the last 5 years.
"We have received enthusiastic feedback from our valued members, representatives of industry and other parties who have allowed us to promote this initiative," - said Charles Shospe (Charles Chaussepied), Chairman of the Board of Directors of RJC.
RJC will implement its new initiative at a key moment in the development of standards. The development team of the Council of the standards will interact with stakeholders in the industry to immediately take the job.
"It made sense to announce a new initiative during the Baselworld Fair - said Endryu Boun (Andrew Bone), executive director of the RJC -. The Council has the status of the sponsor Baselworld, and because we were able to make this statement in the most transparent and ethical trading environment It is important for. Council. "
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