Monday, December 20, 2010

Rio Tinto, BHP Billiton chasing leaders say Steel Association.

IISI (International Iron and Steel Institute) said that should not be allowed to mining giant Rio Tinto (Rio Tinto) and BHP Billiton (BHP Billiton) a possible merger to proceed. .Secretary-General of the International Iron and Steel Association, Ian. Chris Moss (Ian Christmas) on behalf of the global steel industry, said the fair will focus on the pricing of iron ore mining company in the hands of minority, thus preventing competition. .He called on the antitrust division to review the deal. .BHP Billiton, Rio Tinto this month on the amended offer. .Rio Tinto rejected the valuation of approximately 1,474 billion hostile bid, saying the price undervalued the company's value. .World Brand Laboratory http://brand./ At the same time, Rio Tinto said it would sell at a price of $ 750,000,000 Alaska Greens Creek silver, gold, zinc and lead ore business. .To re-committed to the development of the company's core business in order to resist the acquisition of BHP Billiton, Rio Tinto will be disposed of several assets, the sale of these minerals is the first step of action. .Rio Tinto plans to sell the next few years at least 150 billion in assets to repay debt and refocus the business can bring the maximum income areas. .Rio Tinto said it has agreed to the rights and interests in the Greens Creek sold to Hecla Mining Co.'s A subsidiary. .Rio Tinto said, Hecla is Rio Tinto's joint venture partner in this business, which currently holds 29.7% stake in the business. .Rio Tinto is considering the sale of Rio Tinto Energy America's coal business, Rio Tinto Minerals of the mica business, Rio Tinto Alcan Packaging, Rio Tinto Alcan Engineered Products, Cortez gold mine in Nevada interests Northparkes copper mine in Australia, and .U.S. and Australian uranium assets. .</ P>.

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