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RTP Petroneft Resources PLC

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Share Name Share Symbol Market Type Share ISIN Share Description
Petroneft Resources PLC LSE:RTP London Ordinary Share IE00B0Q82B24 Ord EUR0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

BHP Billiton, Rio Tinto End Iron Ore JV Plans

17/10/2010 11:09pm

Dow Jones News


Petroneft Resources PLC (LSE:RTP)
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Rio Tinto Ltd. (RTP) said Monday it terminated a planned iron ore production joint venture with BHP Billiton Ltd. (BHP) following discussions with regulators.

Rio Tinto said both parties have recently been advised by various anti-trust regulators that the deal wouldn't be approved and that some had requested remedies unacceptable to both parties, including divestments.

The parties have mutually agreed that no break fee is payable, Rio Tinto said.

-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692; Ross.Kelly@dowjones.com

 
 

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