De Beers announces that it will not bid for BHP Billiton diamond business

Beijing time on June 17 evening news, the world's largest mining giant BHP Billiton is still seeking to sell its diamond mining business possibilities, but De Beers has publicly stated that it will not bid for BHP Billiton's Canadian business. BHP Billiton announced its diamond business in November last year, with a focus on the Ekati diamond mine, 200 km south of the Arctic Circle. BHP Billiton said it plans to sell all or part of the equity of the business. Also in December last year, BHP Billiton announced the sale of the Chidliak diamond exploration business on Baffin Island, Canada, to partner Peregrine Diamonds Ltd. BHP Billiton spokesperson Fiona Martin said on Sunday that the company is still continuing to dispose of its diamond business. De Beers spokesperson Lynette Gould said he would not participate in the bidding for the Ekati business. Gould said: "Dybies currently has the best quality diamond assets in the world, and our strategic goal is to maximize the value of these assets."

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