Rio Tinto: No Final Decision On Australian BHP Joint Venture
October 05 2010 - 1:18PM
Dow Jones News
Rio Tinto PLC (RIO.LN), a global mining group, said Tuesday it
has not made any final decisions about possible outcomes or next
steps relating to the proposed iron ore production joint venture
with BHP Billiton PLC (BLT.LN) in Western Australia.
MAIN FACTS:
-Board held a meeting Monday at which a range of issues were
discussed including the joint venture.
-Board acknowledged recent communications from regulators that
indicate potential obstacles to achieving clearance for the joint
venture.
-This includes the recent receipt of interim reports from the
Japan Fair Trade Commission and the Korea Fair Trade Commission,
and ongoing discussions with the European Commission and the
Australian Competition and Consumer Commission.
-Shares closed Tuesday at 3792 pence.
-By Tommy Stubbington, Dow Jones Newswires; 44-20-7842-9268;
tommy.stubbington@dowjones.com
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