A win and a loss for Rio - Dryblower's tip

WHAT the Minister giveth, the Minister can also taketh away. With apologies to readers with a religious leaning this is how Dryblower sees the immediate future for Rio Tinto in its dealings with the Western Australian Government.

On one hand, State Development Minister, Alan Carpenter, is widely tipped to soon grant Rio Tinto a reduced royalty rate on diamonds mined at the Argyle project, a key step in Rio Tinto committing to