Rio Tinto May Sell Diamond Mines Individually to Boost Shareholder Value

Bloomberg reported that Rio Tinto Group plans to sell individual mines of its $2.2B diamond business as a means to lift shareholder value.

As quoted in the report:

The assets are clearly attractive in their own right,” Alan Davies, the London-based company’s chief executive officer of diamonds and minerals, said yesterday at a briefing in Perth. “It’s a complex business, 12 sites around the world, but it’s a standalone diamond business that’s fully integrated from mine to the market.

Click here to read the full Bloomberg report.