18 OCT 2010
Miners say competition concessions are too tight for Australian iron ore merger to go ahead.
By Emma Rowley | Telegraph
Mining giants BHP Billiton and Rio Tinto are poised to abandon their plans for a $116bn (£73bn) joint venture in the face of mounting regulatory obstacles.
Competition concessions demanded by European Union regulators in a meeting with the companies on Friday were so stiff that the prospect of merging their iron ore operations in western Australia became even more unlikely.
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