RE: Rio Tinto to install world's largest undergrou RDG,
I have a hard time buying into Rio Tinto's " We haven't made up our mind yet about whether we're selling our diamond business ...." , when they do things like this . Are they just trying to polish up their mines and showcase them for potential buyers ? What if the buyer doesn't want to spend the money on this automated system as part of a purchase ? If I were Rio I would not be spending a dime on such an automated system unless a buyer is already lined up and in agreement with it . Otherwise they are prepared to spend a lot of dough to continue mining Argyle.
It's been over 6 months since they announced the review of their diamond business . While they claim they are in no rush to make a decision their actions suggest it may already been made. JMHO.
Crocky