KKR Looking At BHP, Rio Tinto Diamond Mines
Mineweb reported Kohlberg Kravis Roberts (KKR) is among the bidders for both BHP's and Rio Tnto's diamond mining operations.
Mineweb reported Kohlberg Kravis Roberts (KKR) is among the bidders for both BHP's and Rio Tnto's diamond mining operations.
Forbes reported BHP (NYSE:BHP,ASX:BHP,LSE:BLT) is considering selling their diamond operations in Canada.
CNBC reported BHP Billiton (NYSE:BHP) is considering selling all or part of its diamond assets.
Bloomberg reported BHP Billiton Ltd. (NYSE:BHP) will probably sell some or all of its diamond business.
Reuters reported BHP Billiton (NYSE:BHP,LSE:BLT,ASX:BHP) is considering selling all or part of its diamond assets.
BHP Billiton declared that production surged 5 percent to 903,000 carats in the fourth fiscal quarter ending June 30, 2009. For full story, click here
Petra Diamonds, the AIM-listed mid-tier diamond exploration, development and production with all of its operations in southern Africa announced that three of its senior directors had agreed to acquire about 4.1 million shares in Petra from BHP Billiton. For full story, click here
Australia’s Mines Minister Norman Moore has declared that BHP Billiton promised to improve its safety record after the fifth mining fatality in Western Australia in the past eight months. For full story, click here
Traders, cutters, and retailers are all warning that the diamond business’ struggles will cause a restructuring of the entire industry.
With the holiday season behind us, now is the time diamond miners and retailers should have full pockets and empty shelves. However, with the holiday season of ’08 coming on the back of economic catastrophe, countries across the globe are reporting stark numbers for diamond exports and imports.
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