Rio Tinto to Keep Diamond Mine Assets in Australia

PERTH, AUSTRALIA--June 27, 2013--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)