Showing posts with label BHP Billiton. Show all posts
Showing posts with label BHP Billiton. Show all posts

Monday, October 18, 2010

BHP Billiton, Rio Tinto Call Off Plans To Form Australian Iron Mining JV

BHP Billiton (NYSE:BHP) and Rio Tinto (NYSE:RIO) abandoned their plans to form a $116 billion iron ore joint venture after regulators in Australia and elsewhere indicated they would block the deal because of concerns over competition, according to a NYT DealBook report.

SmarTrend is bullish on shares of BHP Billiton and our subscribers were alerted to buy on September 03, 2010 at $71.11. The stock has risen 15% since the alert was issued.

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