15th Oct 2009 07:00
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NEWS RELEASE |
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Release Time |
IMMEDIATE |
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Date |
15 October 2009 |
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Number |
18/09 |
BHP Billiton and Rio Tinto update on proposed iron ore production joint venture
On 5 June 2009, BHP Billiton and Rio Tinto signed a non-binding agreement to establish a production joint venture covering the entirety of both companies' Western Australian iron ore assets.
Under the terms of the agreement up to 15 per cent of production was proposed to be sold by the joint venture, independent of BHP Billiton and Rio Tinto.
Following discussions between the two companies, BHP Billiton and Rio Tinto have decided not to proceed with the joint venture marketing activity. As a result, all production from the proposed joint venture would be marketed separately by BHP Billiton and Rio Tinto.
The two companies believe that this change will clarify the nature of the JV for customers and emphasise its focus on realising significant production and development synergies.
BHP Billiton and Rio Tinto are pleased with progress towards definitive JV agreements and expect to finalise these agreements on schedule.
For further information contact:
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BHP Billiton Media & Investor Relations |
Rio Tinto Media & Investor Relations |
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Australia Samantha Evans, Media Relations Tel: +61 3 9609 2898 Mobile: +61 400 693 915 email: [email protected] |
Australia Tony Shaffer, Media RelationsOffice: +61 (0) 3 9283 3612 Mobile: +1 202 256 3667 |
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Peter Ogden, Media Relations Tel: +61 3 9609 2812 Mobile: +61 428 599 190 Email: [email protected] |
Dave Skinner, Investor Relations Office: +61 (0) 3 9283 3628 Mobile: +61 (0) 408 335 309
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Kelly Quirke, Media Relations Tel: +61 3 9609 2896 Mobile: +61 429 966 312 Email: [email protected] |
Simon Ellinor, Investor Relations Office: +61 (0) 7 3361 4365 Mobile: +61 (0) 439 102 811
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Leng Lau, Investor Relations Tel: +61 3 9609 4202 Mobile: +61 403 533 706 email: [email protected] |
United Kingdom Christina Mills, Media Relations Office: +44 (0) 20 8080 1306 Mobile: +44 (0) 7825 275 605
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United Kingdom Andre Liebenberg, Investor Relations Tel: +44 20 7802 4131 Mobile: +44 7920 236 974 email: [email protected] |
Nick Cobban, Media Relations Office: +44 (0) 20 8080 1305 Mobile: +44 (0) 7920 041 003 |
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Illtud Harri, Media Relations Tel: +44 20 7802 4195 Mobile: +44 7920 237 246 email: [email protected] |
Mark Shannon, Investor Relations Office: +44 20 7781 1178 Mobile: +44 7917 576597 David Ovington, Investor Relations Office: +44 (0) 20 7781 2051 Mobile: +44 (0) 7920 010 978
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South Africa Bronwyn Wilkinson, Investor Relations Tel: +44 20 7802 4015 Mobile: +44 7500 785 892 email: [email protected] |
United States Jason Combes, Investor Relations Office: +1 (0) 801 204 2919 Mobile: +1 (0) 801 558 2645 |
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United States Scott Espenshade, Investor Relations Tel: +1 713 599 6431 Mobile: +1 713 208 8565 email: [email protected] |
Americas Tony Shaffer, Media Relations Office: +61 (0) 3 9283 3612 Mobile: +1 202 256 3667
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Ruban Yogarajah, Media Relations Tel: US +1 713 966 2907 or UK +44 20 7802 4033 Mobile: UK +44 7827 082 022 email: [email protected] |
Canada Stefano Bertolli, Media Relations Office: +1 (0) 514 848 8151 Mobile: +1 (0) 514 915 1800 |
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BHP Billiton Limited ABN 49 004 028 077 Registered in Australia Registered Office: 180 Lonsdale Street Melbourne Victoria 3000 Australia Tel +61 1300 55 4757 Fax +61 3 9609 3015 BHP Billiton Plc Registration number 3196209 Registered in England and Wales Registered Office: Neathouse Place London SW1V 1BH United Kingdom Tel +44 20 7802 4000 Fax +44 20 7802 4111 Members of the BHP Billiton group which is headquartered in Australia Further information on BHP Billiton can be found on our Internet site: www.bhpbilliton.com |
Rio Tinto Limited 120 Collins Street Melbourne 3000 Australia T +61 (0) 3 9283 3333 F +61 (0) 3 9283 3707 Registered in Australia ABN 96 004 458 404
Rio Tinto plc 2 Eastbourne Terrace London W2 6LG United Kingdom T +44 (0) 20 7781 2000 F +44 (0) 20 7781 1800 Email: [email protected] Website: www.riotinto.com |
Related Shares:
BHP GroupRio Tinto