How does BHP-Rio Iron Ore stacked up for investors?
Global miners Rio Tinto and BHP Billiton are to combine their Australian iron ore operations, six months after BHP dipped a hostile takeover bid for Rio Tinto.
John Sevior, head of Australian equities for Perpetual Investments, stated:
I think it’s a very clever deal.
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Fri, Jun 5, 2009
Post by Melissa Pistilli, Iron Senior Reporter