CAPITAL MARKETS

Rio defers Kimberley's Ellendale payments

RIO Tinto has shown it does not hold a grudge by granting fellow diamond miner Kimberley Diamond Co a deferral of 12 months on payments totalling $10 million.

Michael Quinn
Rio defers Kimberley's Ellendale payments

Kimberley owed the money as part of the $23.25 million acquisition of the project from Rio early in 2001, an agreement that marked the end of disputes relating to ownership of the Ellendale tenements where...

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