ACCC delays its decision on proposed BHP Billiton-Rio Tinto JV

Friday, 19 February 2010 17:19:10 (GMT+3)   |  
       

Australia's competition regulator has postponed the results of its review on the gigantic iron ore joint venture planned by Australian iron ore miners BHP Billiton and Rio Tinto for their Western Australian assets, on the grounds that it needs more information from the companies.

The Australian Competition and Consumer Commission (ACCC), which started its review on December 9 and was to report its findings on February 24, said on its website, "ACCC requested further information from the proposed joint venture parties. A new proposed announcement date will be listed upon receipt of requested information."

If the joint venture is realized between the world's second and third largest iron ore producers, their combined production would immediately exceed that of the world's top producer Brazil-based Vale. The European Commission is also investigating the joint venture.


Similar articles

Iron ore prices drop by over $9//mt week on week, mood remains bad

28 Mar | Scrap & Raw Materials

Goa government to ease policy for liquidating iron ore dumps lying on private land

28 Mar | Steel News

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

Brazilian high-grade iron ore price declines sharply in two days

27 Mar | Scrap & Raw Materials

Daily iron ore prices CFR China - March 27, 2024

27 Mar | Scrap & Raw Materials

India’s JSPL takes operational charge of iron ore complex in Venezuela

27 Mar | Steel News

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

Vale selected to begin award negotiations for US briquette plant

26 Mar | Steel News

Daily iron ore prices CFR China - March 26, 2024

26 Mar | Scrap & Raw Materials