Rio Likely to Float Stock Options for Diamond Operations

Reuters reported Rio Tinto (NYSE:RIO,TSX:RIO) is most likely to float a stock option as it considers its options for unloading its diamond operations.

As quoted in the market news:

The Anglo-Australian mining giant could add to the allure of an initial public offering (IPO) by first seeking to merge its diamond operation with another that is on the block from rival BHP Billiton (BLT.L), bankers and analysts said.

Click here to read the full Reuters report.