BHP-Rio iron ore marriage unlikely: UBS

THERE are further signs that the proposed Pilbara iron ore tie-up between mining goliaths BHP Billiton and Rio Tinto might be in limbo with investment bank UBS saying the joint venture was unlikely to receive regulatory go-ahead before the agreement deadline.

BHP-Rio iron ore marriage unlikely: UBS BHP-Rio iron ore marriage unlikely: UBS BHP-Rio iron ore marriage unlikely: UBS BHP-Rio iron ore marriage unlikely: UBS BHP-Rio iron ore marriage unlikely: UBS

However, analysts believe recent changes to Western Australia’s state agreements may provide more than 50% of the synergies both miners would have gained under the JV.

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