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BP admits to 11 counts of manslaughter for 2010 oil spill disaster
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Before we get fully into election mode. Take a look at some of these stunning shots from the
Rio Tinto and BHP Billiton could have more success selling their diamond assets if they team up, according to analysts from Nomura.
BHP and Rio’s diamond businesses are valued at $2.2bn and $1.9bn respectively, which represents less than one per cent of each company’s value.
Nomura said while diamonds were no longer contributors to the bottom line if both companies combined assets only De Beers and Russian state-owned Alrosa would have larger diamond businesses.
“The rationale would be the creation of the largest listed diamond company with a solid asset base and lower overall sovereign risk,” it said.
Late last month Rio said in a statement it had begun a “strategic review” of its business that would include looking for potential buyers for its diamond assets.
Read more at Australian Mining
