BHP could sell off diamond mines

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ref="http://www.cityam.com/company/bhp-billiton">BHP Billiton, the world’s biggest miner, is considering selling all or part of its diamond assets, which include the EKATI mine in northern Canada, as it focuses on large, long-life, scalable assets.

BHP said yesterday it had begun a review to examine whether a continued presence in the diamond industry was consistent with its strategy of investing in expandable assets. The review is due to be completed by the end of January 2012.