Rio Tinto Sells its Interests in Murowa Diamonds and Sengwa Colliery
Rio Tinto has completed the sale of its 78% interest in Murowa Diamonds and 50% interest in Sengwa Colliery Ltd. to RZ Murowa Holdings Ltd. RioZim Ltd., an independent Zimbabwean mining company listed on the Zimbabwean Stock Exchange, already holds a 22% interest in Murowa Diamonds and a 50% interest in Sengwa; RioZim will assume the overall management of both entities.
Rio Tinto reportedly believes that the future of these assets can be best managed by entities with existing interests in Zimbabwe. “Rio Tinto remains committed to the diamond industry and is focused on operating its two world-class underground mines whilst obtaining the approvals for its advanced diamond project in India,” said Alan Davies, Rio Tinto Diamonds and Minerals chief executive.
For more information, visit www.riotinto.com.