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

PERTH, AUSTRALIA--(Marketwired - Jun 27, 2013) - Researched by Industrial Info Resources Australia (Perth, Australia) -- Rio Tinto plc (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 (BHP), Dominion Diamond Corporation (DDC)

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/news/abstract.jsp?newsitemID=236181&refer=mw, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.