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Gold/Mining/Energy : Canabrava Diamond
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To: Yorikke who wrote (2189)12/21/2000 3:27:19 PM
From: 1st.mate  Read Replies (1) of 2402
 
Look hear, They may know what to look for!

Rio Tinto Zimbabwe Limited Makes Announcement

Murowa Diamond Prospect

LONDON--(BUSINESS WIRE)--Dec. 21, 2000-- The recently concluded feasibility study has confirmed that the three
kimberlites discovered near Zvishavane represent a mining reserve of 16.5 million tonnes at a grade of 0.9 carats per tonne. A
project to mine 500,000 tonnes per year of the kimberlite with the possibility of subsequent expansion following initial mining
has been shown to be viable. Requirements to enable the project to proceed are now being investigated.

More information is expected to be available by the time of the Statement to Shareholders in February 2001.

Directorate

Mr. AF Nhau has accepted an invitation to join the Board of Rio Tinto Zimbabwe as a non-executive director. He will retire in
terms of Clause 95 of that Company's Articles of Association, and being eligible, will offer himself for re-election at the next
Annual General Meeting.

Mr Nhau is a Chartered Secretary and Chairman and CEO of Lowe Lintas & Partners. He is Chairman of the Board of
Directors of Zimbabwe Financial Holdings Limited and is a Director of a number of other companies in Zimbabwe.

Notes

1) Rio Tinto (NYSE:RTP - news) owns 56 per cent of Rio Tinto Zimbabwe. 2) The Murowa Diamond Prospect is owned 50
per cent by Rio Tinto
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