Finland-focused Karelian Diamonds says Rio Tinto agreement lapses

Aim-listed Karelian Diamonds said on Wednesday that a confidentiality agreement that it entered into with Rio Tinto Mining and Exploration in 2010, had lapsed.

Under the agreement, Rio Tinto has been disclosing to Karelian confidential information relating to exploration in Finland for the purpose of Karelian considering that information in relation to the company’s potential and existing exploration programmes in the country.