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Harry Winston, Rio Tinto Discuss Diavik Mine
Jul. 27, 2012 12:55PM PST
Gem Investing
Mineweb reported Harry Winston Diamond (TSX:HW,NYSE:HWD) is in advanced talks to buy Rio Tinto’s (ASX:RIO,NYSE:RIO,LSE:RIO) 60 percent stake in the Diavik mine.
Mineweb reported Harry Winston Diamond (TSX:HW,NYSE:HWD) is in advanced talks to buy Rio Tinto’s (ASX:RIO,NYSE:RIO,LSE:RIO) 60 percent stake in the Diavik mine.
As quoted in the market news:
The Canadian diamond miner already owns the remaining 40 percent interest in the mine located in Canada’s Northwest Territories. Rio has been exploring options for its diamond interests since March.