Rio Tinto is reportedly preparing the rod for a float for its diamond business after failing to get a bidder on the line. Nine Entertainment has held on to the cricket, but Ten Network has secured the Big Bash League. Meanwhile, Transpacific Industries is thinking asset sales and Mirvac Group’s advisers could be having another look at Australand.
For well over a year Rio Tinto has been trying to find a way to get rid of its diamond business. The big miner is starting to think that it’ll go to market.