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Rio Tinto, BHP Joint Venture Target of EU Antitrust Probe

by WebMaster
January 28, 2010
in Business, Press Release
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Rio Tinto, BHP Joint Venture Target of EU Antitrust Probe

January 27, 2010 /EIN PRESSWIRE/ The proposed joint venture between Rio Tinto and BHP Billiton, two of the largest mining companies in the world, has caught the attention of the European Commission, which has launched an antitrust investigation into the venture.

The venture, which would combine the companies’ iron-ore operations in Western Australia including mines, rail, ports and workforces, is being investigated as a restrictive business practice, despite the fact that the venture in question does not take place on European soil.

The proposed venture is the second attempt to combine ore operations in the West region. BHP also abandoned a hostile bid for Rio in 2008.

Follow this story and more at Mining Industry Today:

Latest BHP Billiton and Rio Tinto news – http://mining.einnews.com/news/bhp-billiton-rio-tinto
Latest BHP Billiton news – http://mining.einnews.com/news/mining-bhp-billiton
Latest Rio Tinto news – http://mining.einnews.com/news/mining-rio-tinto

Located at http://mining.einnews.com, Mining Industry Today is a service of EIN News, an industry leader in news monitoring for business professionals and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers to its members the latest mining news from around the world, saving them valuable time they’d spend searching for information. New users to Mining Industry Today can enjoy a no-obligation, one-week free trial.

About EIN Presswire
The EIN Presswire press release distribution service is a news-syndication solution that distributes news to more than 10 million visitors annually at EIN News and millions more through its press release distribution partners. A news source for leading journalists, decision-makers and industry professionals worldwide, EIN Presswire targets press releases to a wide array of worldwide business professionals in more than 80 different industries. EIN Presswire also offers affiliate network opportunities and news distribution to tens of thousands of news subscribers daily. Read the newest business news at http://www.einpresswire.com and the latest world news in more than 80 different industries at http://www.einnews.com.

WebMaster

WebMaster

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