Forbes.com: EU extends deadline for inquiry into BHP Billiton’s buy of Rio Tinto to December 9
The EU wisely said, “Wait a second, do we really want a really, really large mining company?” and now is going to spend more time taking apart the BHP-Rio Tinto merger. On the back of this, expect the EU to put in place some serious requirements that force BHP to sell off assets to make the merger happen. Maybe by Christmas time Mittal will have fully consolidated the Labrador Trough with all three mines: IOC, Wabush, and QCM. Then again, maybe BHP will not get Rio Tinto and the status quo will stay the same.
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