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Rio Tinto Receiving Offers for Diamond Mine
May. 03, 2012 03:33PM PST
Gem InvestingBloomberg reported Rio Tinto (ASX:RIO,NYSE:RIO) is getting many offers for its diamond project.
Bloomberg reported Rio Tinto (ASX:RIO,NYSE:RIO) is getting many offers for its diamond project.
As quoted in the market news:
Rio said March 27 it was considering selling its diamond assets because the mines in Canada, Australia and Zimbabwe no longer fit its strategy. The unit may be worth $2.56 billion, according to a March valuation by Bank of America Corp. Rio’s move follows a similar sale process by BHP Billiton Ltd. (BHP).