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Rio mops up remaining diamond trust units

RIO Tinto, the world's second largest miner, said this morning it will acquire the units in Western Australian Diamond Trust it does not already own, giving it 100% control of the world's biggest diamond mine.

Greg Tubby

Rio, which currently owns 96.95% of WADT, is offering the last remaining 970 unit holders $2.00 per unit, 12% less than their value on May 3, the last time the units traded, but 72% more than the preferred...

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