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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 after it was …
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 after it was combined with the copper unit. In a Bloomberg Television interview Tuesday, Chief Executive Officer Jacques earmarked the division as a focus for expansion rather than disposal.
“What we want is to improve the quality of our portfolio,” said the Frenchman, who’s known as JS. “I would love to have more diamonds to be very explicit. That’s a priority area.”