BlueScope: Position On Rio-BHP JV Unchanged
15 Aprile 2010 - 4:56AM
Dow Jones News
BlueScope Steel Ltd. (BSP.AU) said Thursday it remains concerned
about BHP Billiton Ltd. (BHP.AU) and Rio Tinto Plc's (RTP) proposed
Pilbara iron ore joint venture.
A BlueScope spokesman said reservations about the deal expressed
by Chief Executive Paul O'Malley after the company's interim
results earlier this year still stood.
The spokesman declined to comment on whether BlueScope had
outlined its concerns in a submission to the Australian Competition
and Consumer Commission, saying its dealings with the regulator
were confidential.
"Our position hasn't changed since Paul's comments at the
half-yearlies, they're still valid and still represent the
company's feelings and concerns about the issue," the spokesman
said.
At the time, O'Malley said he was concerned about anything that
increased, rather than decreased, concentration in the market.
BHP Billiton declined to comment.
-By Neil Sands, Dow Jones Newswires; 61-3-9292-2095;
neil.sands@dowjones.com
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