Australia watchdog sees BHP-Rio iron JV ruling by May
作者：1 发布时间：2010-04-20 文字大小：【大】【中】【小】
SYDNEY, April 20 (Reuters) - The Australian competition regulator hopes to decide on a proposed iron ore joint venture between Rio Tinto (RIO.AX) and BHP Billiton (BHP.AX) by the end of May, the head of the regulatory body said on television on Tuesday.
The Australian Competition and Consumer Commission, which began its probe in December, had first planned to hand down its decision in February, then raised concerns in March about the plan by the world's second- and third-largest iron ore miners.
It called in March for comments on whether Rio (RIO.L) and BHP (BLT.L) would be able to jointly control iron ore supply or whether the venture would be able to coordinate supplies with the world's no.1 iron ore miner, Brazil's Vale (VALE5.SA). (Reporting by Narayanan Somasundaram; Editing by Balazs Koranyi)
Sourced from: www.uk.reuters.com
