By Kishori Krishnan Exclusive to Iron Investing News Still smarting from its failed attempt to buy into the Australian mining giant Rio Tinto, Beijing is making a new bid to secure its supply of iron ore. Looking to mend fences with China, the company is working overtime to heal rifts caused by the collapse of [...]
By Kishori Krishnan Exclusive to Iron Investing News China is set to accelerate investment in iron ore projects in Australia, the world’s biggest exporter, after the collapse of its deal to buy stakes in mines owned by the Rio Tinto Group (RIO:AU). Australia has A$26 billion (US$ 21 billion) of proposed new iron ore mines, [...]
By Melissa Pistilli-Exclusive to Iron Investing News EU objects to BHP takeover of Rio The European Commission (EU) has issued a statement of objections to BHP Billiton Ltd. concerning its hostile takeover of Rio Tinto Inc. The statement outlines the potential competition problems that may result from such a merger. EU anti-trust regulators have voiced concerns [...]
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