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RIO Rio Tinto Limited

129.45
-0.04 (-0.03%)
03 May 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Rio Tinto Limited ASX:RIO Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.04 -0.03% 129.45 129.10 129.95 130.12 129.10 129.39 1,526,193 09:50:00

Karelian Diamond Shares Fall After End of Rio Tinto Agreement

01/07/2020 3:57pm

Dow Jones News


Rio Tinto (ASX:RIO)
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By Adria Calatayud

 

Shares in Karelian Diamond Resources PLC fell Wednesday after the company said a long-running confidentiality agreement with Rio Tinto PLC lapsed as the companies haven't entered into a further extension.

Under the agreement, Rio Tinto disclosed to Karelian Diamonds confidential information relating to exploration in Finland in exchange for the option to earn a 51% interest in any project identified, Karelian said.

The agreement expired on June 30 after nearly a decade, Karelian said.

Karelian, a U.K.-listed, Finland-focused diamond-exploration company, said it is considering the best means to progress its exploration program.

Shares in Karelian at 1413 GMT were down 8.8% at 2.60 pence.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

(END) Dow Jones Newswires

July 01, 2020 10:42 ET (14:42 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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