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…as Australia gives date for merger probe
THE Australian Competition and Consumer Commission (ACCC) yesterday extended the deadline for its probe into Rio Tinto and BHP Billiton’s proposed joint venture in Western Australia to 22 July.
The ACCC published the “proposed date” on its website after repeatedly delaying a report on its findings into the US$116bn (£78bn) deal, which would see Rio and BHP share transport and infrastructure for their iron ore operations in Western Australia.
The news comes as the Australian government continues to meet with mining firms to negotiate a deal on controversial plans for a 40 per cent mining “super-tax”.