BHP's Argus says iron-ore JV with Rio on track
Published: 21 Oct 2009 19:28:04 PSTMELBOURNE, Oct 22 - A proposed iron-ore joint venture between BHP Billiton Ltd <BHP.AX> <BLT.L> and rival Rio Tinto Ltd <RIO.AX> <RIO.L> was on track, BHP's outgoing Chairman Don Argus told reporters after a business lunch on Thursday.
Argus dismissed speculation that the venture has only a 50-50 chance of being approved.
"Shareholders aren't thinking that (it won't go ahead) and they want it to go ahead," he said.
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