Australia's competition regulator, the Australian Competition and Consumer Commission (ACCC), has once again 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.
The institution said that the date has been delayed until after the parties have had further discussions with overseas regulators and provided additional submissions to the ACCC.
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.