SYDNEY, April 14 (Reuters) - The planned $116 billion iron
ore joint venture between BHP Billiton and Rio
Tinto is facing mounting opposition from
governments and the global steel industry, the Australian
Financial Review.said.
Japanese and Korean steel makers and government ministries, who met in Tokyo on Tuesday, plan to oppose the joint venture, while China is also set to launch its own anti-monopoly investigation, the paper said in an unsourced report on Wednesday.
(Reporting by Cecile Lefort; editing by Balazs Koranyi)
((cecile.lefort@reuters.com; +612-9373-1234; Reuters Messaging: cecile.lefort.reuters.com@reuters.net)) Keywords: BHP/RIO (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Japanese and Korean steel makers and government ministries, who met in Tokyo on Tuesday, plan to oppose the joint venture, while China is also set to launch its own anti-monopoly investigation, the paper said in an unsourced report on Wednesday.
(Reporting by Cecile Lefort; editing by Balazs Koranyi)
((cecile.lefort@reuters.com; +612-9373-1234; Reuters Messaging: cecile.lefort.reuters.com@reuters.net)) Keywords: BHP/RIO (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.