Mining Companies Merger : Australian Iron Ore Merger BHP Billiton-Rio Tinto Delay
March 13th, 2010 | File Under : Iron Ore - Mining Exploration - Steel
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.