Gem

Reuters reported that Rio Tinto’s inability to sell its diamond mines are indicators of a bigger issue in the industry with the world’s biggest miners tackling debts and carving out billions of dollars worth of assets without much success.

Reuters reported that Rio Tinto’s inability to sell its diamond mines are indicators of a bigger issue in the industry with the world’s biggest miners tackling debts and carving out billions of dollars worth of assets without much success.

As quoted in the market news:

There is a missing buyer universe. The mid-caps got consumed in the last deal boom and the juniors can’t get finance,” one senior industry adviser said.

Click here to read the full Reuters report.

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