Mining for lessons

Given that every fifth diamond in India comes from Rio Tinto and all of the UK-Australian mining firm’s diamonds from its Australian operations (54% of the Canadian ones as well) are sold to Indian customers, it’s not surprising that more Indians know the company for its diamonds—the famous pink Argyle diamonds are a Rio Tinto brand and, in the auctions that have just begun, the top 50 are expected to fetch anywhere between $60-80 million. Yet, Rio Tinto offers valuable lessons for India, and not just for its mining operations and technology, as a group of journalists, including yours truly, discovered last week in a trip sponsored by the miner to western Australia.

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