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Rio Tinto Says Iron-Ore Venture With BHP Is a `Live Issue´.
Issued at 2010-10-12
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Rio Tinto Group’s planned iron ore joint venture with BHP Billiton Ltd., which is under scrutiny by regulators, remains a “live issue,” Dow Jones Newswires reported today, citing Rio’s Iron Ore Chief Executive Sam Walsh.
The prospect of regulatory amendments didn’t mean the venture was “impossible” and the value of the deal needed to be studied against dislocation from any potential comments from regulators, Dow Jones said, citing Walsh in an interview in Brisbane. Rio said Oct. 6 that regulators had signaled they may object to the venture, which aims to save the companies $10 billion in costs.
Source: Boomberg
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