Australian regulator delays BHP-Rio joint venture ruling

15th September 2010, Comments 0 comments

Australia's competition regulator Wednesday delayed ruling on BHP Billiton's proposed iron ore joint venture with Rio Tinto after the mining giants requested more time to talk to foreign officials.

"The Australian Competition and Consumer Commission (ACCC) today agreed to a further request by BHP Billiton and Rio Tinto that the ACCC delay making a decision regarding the proposed joint venture," the body said in a statement.

© 2010 AFP

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