London, England — MININGREVIEW.COM — 19 January 2010 – BHP Billiton “’ a global leader in the resources industry “’ and ArcelorMittal “’ the world’s leading steel company “’ have announced that they have entered into preliminary discussions about potentially combining the two companies’ iron ore interests in Liberia and Guinea into a single joint venture.
Revealing this in a joint statement issued here, the two companies said that the combination of these interests, together with each firm’s execution capabilities and financial strength, would provide an excellent platform on which to build a world class iron ore business in West Africa. This would bring meaningful benefits to the region.
The statement added that the partners would continue to assess the merits of a potential joint venture, and would work with the respective governments of Liberia and Guinea to seek their support. It was anticipated that this would take several months.