BHP, Rio Scrap Plans to Form World’s Biggest Iron Ore Exporter

by | Oct 18, 2010 | Towing

BHP Billiton (BHP) and Rio Tinto (RIO) gave up on plans to form the world’s biggest iron-ore exporter, citing regulatory requirements.

Regulators in Asia and Europe wanted the companies to implement changes, including asset sales, that the companies could not accept, Bloomberg News said. The regulators were worried that the deal would limit competition.

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BHP, Rio Scrap Plans to Form World’s Biggest Iron Ore Exporter originally appeared on DailyFinance on Mon, 18 Oct 2010 07:00:00.

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Rio Tinto Produced Record Amount of Iron Ore on China Demand

by | Oct 14, 2010 | Towing

Mining company Rio Tinto (RIO) produced record quantities of iron ore in the third quarter on rampant demand from China.

The company produced a whopped a 47.6 million tons of iron ore in the three months to September, BBC News said.

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Rio Tinto Produced Record Amount of Iron Ore on China Demand originally appeared on DailyFinance on Thu, 14 Oct 2010 08:51:00.

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