Rio Tinto, BHP Continue To Work Through Regulatory Process For JV -Rio
October 06 2010 - 12:56AM
Dow Jones News
Rio Tinto Ltd. (RTP) and BHP Billiton Ltd. (BHP) are continuing
to work through the regulatory process to secure approval for its
joint venture, a Rio spokesman said Wednesday.
According to a report in the Sydney Morning Herald on Wednesday,
Rio was preparing to walk away from the Pilbara joint venture after
regulatory obstacles emerged that could stand in the way of the
pair receiving clearance.
The joint venture agreement includes a US$275 million break
fee.
-By Cynthia Koons; Dow Jones Newswires; +61-2-8272-4691;
cynthia.koons@dowjones.com
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