Mining giants Rio Tinto and BHP fell iron ore merger



 London: Anglo-Australian miner Rio Tinto and BHP Billiton, the merger will combine the iron ore in Western Australia's memo, the Sunday Times.


The official announcement is expected this week, possibly at a meeting of shareholders of BHP in London on Thursday, the newspaper said.


BHP and Rio's iron ore miners in the world's second and third biggest desire to combine their activities in a 50-50 joint venture in the Pilbara region of Western Australia.

Last week, two giant mining concessions to respond to the "failure" in a state of the German Federal Cartel, said the goal now is to inhibit the joint venture.

Competition authorities in Europe and Asia are evaluations of the project.

European steel producers, concerned about the rising price of iron ore, argued that the plan is anti-competitive and can be punished, especially the German automotive industry
ListenRead phonetically

Dictionary - View detailed dictionary
Translate any website盆栽-JapanVenezuela Tuya-SpanishArte Toreo-SpainLa Información-SpainMarmiton.org-FranceL'Express-FranceFocus Online-GermanyKomika Magasin-SwedishTom.com-ChinaNews.de-GermanyG1 Globo-BrazilZamalek Fans-Arabic