BHP Not Approached By China On Iron Ore Investigation-Source
July 13 2009 - 10:19PM
Dow Jones News
BHP Billiton Ltd. (BHP) hasn't been approached by China about
any potential investigation into trading practices at its iron ore
division, a person familiar with the matter said Tuesday.
Some analysts and market watchers have speculated that BHP
Billiton could also be under investigation by Chinese authorities
after they last week detained four Rio Tinto Ltd. (RTP) executives
and accused them of bribing steelmakers to obtain state
secrets.
"BHP has not been approached about any such investigation," the
person said.
-By Ross Kelly, Dow Jones Newswires; 61-2-8235-2957;
ross.kelly@dowjones.com