Dominion Diamond Eyes Rio Tinto Stake in Diavik Mine If Price is Right

Reuters reported that Dominion CEO Robert Gannicott said the company has the means to buy the majority stake of Rio Tinto in the Diavik diamond mine if the price is right.

As quoted in the market news:

Global miner Rio has said it may pull out of the diamond business, and Dominion, formerly Harry Winston Diamond Corp, already owns 40 percent of Diavik, in Canada’s Northwest Territories.

Click here to read the full Reuters report.