Save
PrintJapan has told BHP Billiton it will take legal action if the mining giant does not provide confidential details of its proposed takeover bid for arch rival Rio Tinto.
The threat from the Japan Fair Trade Commission follows a two-month stand-off between BHP and the Japanese regulator.
The Japanese have become increasingly worried that a merged BHP-Rio would dominate Western Australia's iron ore industry, forcing huge price increases on to Japan’s steel mills,
China and the European Commission have also expressed similar concerns over the increased strength of a merged mining giant.
BHP has, up to now, refused to give details of the confidential Rio bid details, even though the merger would account for about a third of the world’s traded iron ore.
Editor: Ivy
M S N: noble-ferroalloys@hotmail.com
E-mail: tiandandan226@yahoo.com.cn
Write to editor: service@ferro-alloys.com
Copyright © 2013 Ferro-Alloys.Com. All Rights Reserved. Without permission, any unit and individual shall not copy or reprint!
- [Editor:editor]
Daily News
Research
Magazine
Company Database
Customized Database
Conferences
Advertisement
Trade
Online inquiry
Contact
Tell Us What You Think