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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Commodities: The long-term future is bright for diamonds

Posted on 05 December 2011

BHP Billiton, the world’s biggest mining company, said last Tuesday that it was reviewing its diamond business, with an eye to selling off some or all of these assets. The problem? Diamond mines seem not to fit within its strategy of investing in “large, long life” assets that have potential for expansion.
The news came after the Oppenheimer dynasty last month exited the diamond industry, ending decades of involvement as the family finally agreed to hand over control of producer De Beers to mining giant Anglo American………………………………………..Full Article: Source


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