BHP says Rio iron ore JV on track
China Daily | Updated: 2009-11-27 08:03
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Investors see the European Commission as the biggest hurdle to the venture. Bloomberg News |
BRISBANE, Australia: Global miner BHP Billiton dismissed talk yesterday that rival Rio Tinto was baulking at a proposed $116 billion joint venture in iron ore, insisting the two were close to a binding agreement.
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