Posted on 17 Dec 2009
Every country should unite in opposition to a "monopolistic" production joint venture between the Australian mining giants BHP Billiton (BHP.AX) and Rio Tinto (RIO.AX),
The China Iron and Steel Association said in an announcement published in the official China Metallurgical News that the planned $116 billion joint venture would harm competition and drive up global iron ore prices, and that "customers across the whole world should oppose it as one."
