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Union antitrust authorities have expressed significant concern that a BHP Billiton takeover of Rio Tinto would impede competition, especially in iron ore and coking coal markets, according to a person who has seen an EU document on the proposed merger....
Tags: bhp, BHP Billiton, iron ore
S assertion that it will be able to maintain iron ore production despite a downturn in the demand for steelmaking materials has been challenged by Macquarie Equities. The broker, which is serving as an adviser to BHP's takeover target, Rio Tinto, yesterday...
Tags: rio tinto, bhp, BHP Billiton Ltd., iron ore, Macquarie Group Ltd., Macquarie Equities, Queensland Ores Ltd., Bloomberg, Australia Mining Congress, Rio Tinto Group
The admission, which has yet to be announced to the market, lays rest to BHP's repeated insistence last week that its iron ore division was operating as normal even though rivals such as Vale, Rio Tinto and Fortescue Metals have announced production cuts.
Tags: bhp, BHP Billiton, iron ore, cut production
Rio Tinto was about to wave the white flag and endorse BHP Billiton's $90 billion scrip takeover bid. But to others it simply reflected a typically prudent move by Rio in light of the uncertainty caused by the crash in commodity prices in response to...
Tags: rio tinto, bhp, BHP Billiton Ltd, Rio Tinto Ltd
S&P/ASX200 index was up 70.5 points, or 1.74 per cent, at 4,121.8 while the broader All Ordinaries added 71.3 points, or 1.78 per cent, to 4,077.9. On the Sydney Futures Exchange, the December share price index futures contract was 31 points higher at...
Tags: bhp, S&P, opened higher, Sydney Futures Exchange, asx200 index, futures contract, share price, Rio Tinto, price index, All Ordinaries
BHP Billiton's proposed takeover of Rio Tinto has grown, with a Japanese Government agency threatening criminal sanctions unless BHP hands over information about its plans. The Japan Fair Trade Commission, the competition enforcer in that country, has...
Tags: bhp, Rio Tinto, Japan Fair Trade Commission, Japanese Fair Trade Commission
European Commission's competition concerns after receiving a "statement of objections" to its proposed acquisition of Rio Tinto on Tuesday evening. The contents of the statement of objections are expected to remain confidential, but BusinessDay understands...
Tags: rio tinto, bhp, BHP Billiton Ltd., Rio Tinto Ltd, Japan
Belgium — BHP Billiton Ltd. said Tuesday that EU regulators had highlighted antitrust problems with its hostile bid for rival Rio Tinto Inc. that would create the world's largest iron ore miner. The company said it had received a statement of objections...
Tags: rio tinto, bhp, BHP Billiton Ltd., European Commission, Rio Tinto PLC, Rio Tinto Inc., EU Competition Commission, iron ore, mining giant, issues raised
Rio Tinto by BHP Billiton because of the dominance the pair have over the world’s supply of iron ore. The warning will come in a long-awaited “statement of objections” from Brussels. It will be of crucial importance in deciding whether the BHP-Rio deal,...
Tags: rio tinto, bhp, Rio Tinto Group, BHP Billiton Ltd.
S Vale the major competitor to Rio Tinto and BHP Billiton in the iron ore market has slashed its annual production of the steel-making material by 10%, or 30 million tonnes, due to weak market conditions in China. It is the first time in years that...
Tags: Vale Company, bhp, Brazilian, iron ore, Rio Tinto, China