Gem

Bloomberg 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).

Click here to read the full Bloomberg report.

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