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KKR has backed away from the sale of BHP Billiton's (BHP) Ekati diamond mine in Canada,...

  • Tuesday, May 29, 2012, 10:57 AM ET
    KKR has backed away from the sale of BHP Billiton's (BHP) Ekati diamond mine in Canada, which could be worth up to $1.2B, according to an FT weekend report. Meanwhile, Rio Tinto (RIO) appoints Morgan Stanley to assess options for its diamond business, which could be worth as much as $2B, even as BHP's process raises questions about demand for such assets.
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