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BHP and Rio go to EU for tie-up BHP
Billiton and Rio Tinto will meet EU antitrust regulators by the end of this month to help the European Commission decide whether to clear their proposed joint venture, sources said yesterday. The Commission is examining the miners’ planned $116bn (£73.54bn) iron ore production joint venture in western Australia to determine whether it is anti-competitive. Rio Tinto, the world’s second-largest iron ore producer, and BHP, the third-largest, have said that retaining separate marketing operations under the joint venture should ease regulatory concerns. Steelmakers oppose the deal.