JOHANNESBURG (miningweekly.com) – Diversified major Rio Tinto has sold a 78% stake in Murowa Diamonds and a 50% stake in Sengwa Colliery to RZ Murowa Holdings.
Independent Zimbabwean mining company RioZim, which owned the balance of the two assets, would assume overall management of both assets.
Rio Tinto said the future of the two assets would best be managed by entities with existing interests in the Southern African country.
“Rio Tinto remains committed to the diamond industry and is focused on operating its two world-class underground mines, while obtaining the approvals for its advanced diamond project in India,” diamonds and minerals CE Alan Davies commented.