Gem Investing News

Diamond Investing

BHP to Consider Selling Diamond Unit as Part of Review

Gem Investing

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.

bhpbhp billiton ltdbmobmo capital marketscanadadiamond businessnyse:bhpDiamond Investing
Featured

MARKETS

Markets
TSX19699.05-138.20
TSXV667.25-33.65
DOW31730.30-103.81
S&P 5003930.08-5.10
NASD11370.96+6.73
ASX7064.70+13.50

COMMODITIES

Commodities
Gold1821.78-32.32
Silver20.68-0.85
Copper4.09-0.12
Palladium1906.17-114.83
Platinum945.50-46.00
Oil106.63+0.92
Heating Oil3.74-0.01
Natural Gas7.66+0.02

DOWNLOAD FREE REPORTS

Browse more resource reports ≫
Browse more technology reports ≫
Browse more life science reports ≫

BROWSE COMPANIES BY SECTOR

×