Kaiser also discusses the companies he is watching in the diamond space.
Supply concerns bumped the red metal’s price up 2 percent on Wednesday.
Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) released its full results for 2016, commenting that it generated strong operating cash flow of $8.5 billion. Underlying earnings came in at $5.1 billion, and the company plans to return $3.6 billion to shareholders.
By Pia Rivera
Rio Tinto (NYSE:RIO) Group chief Jean-Sebastien Jacques said in an interview that the company will prioritize its diamond business to improve their portfolio.
As quoted in the article:
The firm’s diamond business, underpinned by two underground mines, was considered by some analysts as a candidate to be divested or spun out, particularly