News
Rio Tinto Says Iron-Ore Venture With BHP Is a `Live Issue´.
Issued at 2010-10-12
Tweet
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
Tweet
Related News
- Overview of China's alumina production in May 2025 and forecast for June
- METAL CHINA/DIECASTING/NONFERROUS CHINA 2025 Concluded with a Big Success
- Geologists Reveal World’s Biggest Iron Deposit Worth $6 Trillion Set to Impact Global Economy
- Integrating On-Demand Manufacturing into Modern Supply Chain Strategies
- From Art to Automation: The Evolution of Pattern-Making in Foundries
- Germany reduced steel production by 10.1% y/y in April
- How Russian steel exports have changed in the face of sanctions
- Italian Foundries: No Signs of Recovery Yet in Early 2025
- See all News
