Rio Tinto closer to flotation of its multi-billion diamonds division
The company will look to offer $250 million worth of new shares in a separate listing.
Latest Stories
Glencore Xstrata and Blackstone eye Rio Tinto’s stake in Iron Ore Company of Canada
Rio trying to sell its 59% stake.
Dr Doom Roubini: Gold bugs hype ‘ended up being counterproductive’
Famous economist gives six reasons gold is heading for $1,000.
Gaddafi’s gold, diamond billions ‘found in South Africa’
The dictator's assets, which by some accounts could top $80 billion, are stashed in bank accounts and vaults around the world.
Report: China starts stockpiling metals again
The Chinese State Reserves Bureau has returned to the nickel market in a big way. Copper may be next.
India tightens gold import rules further
Barring state-run firms from importing gold and making the metal less attractive as an inflation hedge also being considered.
Grasberg could stay shut for two months after Indonesia minister calls for halt
Indonesia orders all production stopped at Freeport mine until an independent investigation – which is expected to take two months – is completed.
Centerra Gold says Kumtor returning to normal
Vice president Rodney Stuparyk said the road to the mine has been reopened and power – cut by protesters earlier in the week – has been restored.
New tech uses gold particles, water, DNA powder to detect disease
The new technology is similar to over-the-counter pregnancy tests.
