BHP to Consider Selling Diamond Unit as Part of Review

- November 30th, 2011

Bloomberg reported BHP Billiton Ltd. (NYSE:BHP) will probably sell some or all of its diamond business.

Bloomberg reported BHP Billiton Ltd. (NYSE:BHP) will probably sell some or all of its diamond business.

As quoted in the market news:

BHP owns 80 percent of the Ekati diamond mine in Canada’sNorthwest Territories and 51 percent of the Chidliak exploration venture in the territory of Nunavut, the Melbourne-based company said yesterday in a statement. The Ekati stake is valued at $2.7 billion by BMO Capital Markets using a 10 percent discount rate.

Click here to read the full Bloomberg report.

Get the latest Diamond Investing stock information

Get the latest information about companies associated with Diamond Investing Delivered directly to your inbox.

Diamond Investing

Leave a Reply