Monday, June 24, 2013

Rio Tinto decides to hang on to diamonds business





Global miner Rio Tinto Ltd has scrapped the planned sale of its diamonds business, valued in its books at US$1.3 billion (HK$10.1 billion), amid a slide in global financial markets and a tough environment for commodity asset sales.


The decision announced on Monday marks the first of a string of planned asset sales that the world no.3 miner may have to scrap in face of cautious bidders.









via Business feed http://www.scmp.com/business/companies/article/1267764/rio-tinto-decides-hang-diamonds-business

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