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Star Diamond notifies Rio of non-compliance

A diamond project partnership has lost its lustre, with Canada’s Star Diamond (TSX: DIAM) yesterday accusing its option-to-joint-venture partner Rio Tinto Exploration Canada of non-compliance.

Staff reporter
Rio’s bulk sampling plant, pictured under construction in October 2019, at Star Diamond’s Project FalCon in Saskatchewan

Rio’s bulk sampling plant, pictured under construction in October 2019, at Star Diamond’s Project FalCon in Saskatchewan

Rio had moved to acquire a majority stake in Star's Fort à la Corne project, dubbed Project FalCon, in November - years ahead of schedule.  The news had sent Star Diamond's shares soaring 50% as it...

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