Tag: Australian iron-ore
Mining Companies Merger : Australian Iron Ore Merger BHP Billiton-Rio Tinto Delay
Mar/13/2010 | Under : Exploration, Iron Ore Mine, Steel Industry
The Australian Competition and Consumer Commission has set itself an April 28 deadline for ruling on the $US116 billion ($127bn) West Australian iron ore merger between BHP Billiton and Rio Tinto, a delay of two months on its target.
Last month, the ACCC said it had delayed its findings on the merger and had requested more information from BHP and Rio.
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India Iron-Ore Producer Makes Bid for Australian Iron Ore Mine
Mar/13/2010 | Under : Iron Ore Mine, Steel Industry
NMDC Ltd., India’s biggest iron-ore producer, has teamed up with ABS Consulting of Saudi Arabia and Boulder Steel Ltd. to make a $230 million bid for a stake in an Australian iron-ore project owned by Atlas Iron Ltd.
A non-binding offer has been pitched to Atlas Iron for a 70 percent stake, which may be the Ridley project in Western Australia, the Economic Times reported, citing a person it did not name.
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