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BHP Considering Leaving Diamond Industry for 20 Years
Feb. 09, 2012 02:30PM PST
Gem Investing
Bloomberg reported BHP Billiton Ltd. (ASX:BHP,NYSE:BHP) may leave the diamond industry for at least 20 years as it focuses on larger projects.
Bloomberg reported BHP Billiton Ltd. (ASX:BHP,NYSE:BHP) may leave the diamond industry for at least 20 years as it focuses on larger projects.
BHP’s CEO, Marius Kloppers said:
Once you decide to exit a specific sector you’re probably not going to enter that for a couple of decades. We’ve made that choice in titanium and we’re inching closer to that choice in diamonds.