The International Resource Journal: BHP Biliton and ArcelorMittal ends joint venture discussions

BHP Biliton and ArcelorMittal ends joint venture discussions
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Resource News on 09 September, 2010 06:29:00
 
IRJ Sep 9 - Mining company, BHP Biliton and ArcelorMittal, steel makers have
ended discussion about a joint iron-ore venture in West Africa.
This past January the companies announced a joint investigation of their
iron-ore assets in Liberia and Guinea. However, the companies released
statements stating they were unable to reach a commercial agreement during these
discussions.
,” BHPB said to press, “BHP Billiton and ArcelorMittal will continue
their iron-ore interests in west Africa independently and work closely with
governments and their communities.”
While ArcelorMittal will continue to progress with their iron-ore assets. They
said to press, “ArcelorMittal will continue to develop its operations and
iron-ore interests in Liberia independently and is excited by the potential of
this business.”