A very brief answer comes from Rio's "Industry Review 2003" report which you can find at: http://www.argylediamonds.com.au/documents/argyle_ir_2003.pdf
Seems Rio thought the project was "not of the scale required for Rio Tinto's diamond mining strategy".
That report does give you an insight into Rio's thinking though.
ann out...diamonds confirmed..huge news, page-12
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