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Karelian Diamond Resources PLC - Finland-focused diamond miner - Notes agreement with Rio Tinto PLC has lapsed. Rio Tinto provided Karelian with confidential advice about exploration in Finland, and in exchange, the FTSE 100 miner would have the option to earn a 51% interest in any project Karelian identifies in Finland. As of Wednesday, agreement expired. "Karelian Diamonds is considering the best means to progress its exploration programme and in particular progress operations at Lahtojoki and Kuhmo," the company said.
Current stock price: 2.24 pence
Year-to-date change: down 27%
By Eric Cunha; ericcunha@alliancenews.com
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