The idea of handing the diamond over to the government to sell was that it would generate money to be put back into developing the local community
Rio Tinto will keep its diamond businesses after failing to find a buyer and deciding not to pursue an initial public offering of the unit.
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/ 11 February 2010
De Beers bolstered its balance sheet on Thursday with a $1-billion rights issue and bank refinancing as it swung to a $220-million underlying loss.