RIO TINTO CLEARS EU REGULATORY APPROVAL FOR CONTROL OF RICHARDS BAY
May 1st, 2012
BY KEITH NUTHALL
A significant regulatory hurdle for the planned purchase of control by Rio Tinto of South Africa's Richards Bay Minerals has been secured - the European Commission has granted European Union (EU) competition approval. Rio will henceforth own both elements of the company - Richards Bay Mining and Richards Bay Titanium. It makes titanium, zirconium, titania slag and pig iron from mineral sands deposits in South Africa. The Commission said it had fast tracked regulatory approval, noting "the operation was examined under the simplified merger ...
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