VANCOUVER, BRITISH COLUMBIA-- - Peregrine Diamonds Ltd. is pleased to report that it has discovered a third kimberlite this year in the Lac de Gras region, Northwest Territories, Canada. The kimberlite, ...
By The Canadian Press MONTREAL - Private equity giant KKR is reported to be interested in bidding for the diamond assets of BHP Billiton and Rio Tinto, a move that would create the world's third-largest ...
Storied leveraged buyout firm Kohlberg Kravis Roberts & Co., a leading candidate to purchase BHP Billiton's stake in Canada's Ekati mine, may seek to combine that diamond production asset with those recently put up for sale by Rio Tinto, according to The Sunday Times.
Rio Tinto and BHP have their diamond assets on the market, and should KKR snaffle them both it could create the world's largest pure diamond play with attractive float options down the line. 16 Apr 2012 4:23 PM
A PRIVATE equity firm is looking to buy the diamond assets from BHP Billiton and Rio Tinto and merge them to create a challenger to the world’s biggest diamond miners.
London was abuzz last night with speculation that private equity giant KKR was hatching a plan to combine BHP Billiton and Rio Tinto's unwanted diamond businesses, including the Argyle mine in the Kimberley, to create a global giant.
The diamond industry could acquire another sparkler if private equity house KKR pulls off a plan to merge the gem operations of BHP Billiton and Rio Tinto.