Rio Tinto to Keep Diamond Mine Assets in Australia, an Industrial Info News Alert

PERTH, AUSTRALIA -- (Marketwired) -- 06/27/13 -- Researched by Industrial Info Resources Australia (Perth, Australia) -- Rio Tinto plc (NYSE:RIO) has decided to subvert its planned sale of a diamond mine in Western Australia, which was meant to fetch an estimated $1.3 billion for the company. It was supposed to be a part of a string of planned sales -- including Rio's coal, iron ore and copper assets -- that would help the company reduce its net debt of $19 billion.

Other companies featured: BHP Billiton plc (NYSE:BHP), Dominion Diamond Corporation (NYSE:DDC)

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