The Australian Competition and Consumer Commission has proposed to grant authorisation* to agreements involving BHP Billiton Iron Ore Pty Ltd for the mining and export of iron ore to purchasers in Japan, ACCC Chairman, Mr Graeme Samuel, said today.
The agreements relate to the establishment of the JW4 Joint Venture for the mining, processing and transport of iron ore from the Yandi site in Western Australia for subsequent export. With expectations that the demand for steel in Japan will continue to be strong, the joint venture hopes to develop long term export relationships with purchasers in Japan.
The ACCC will invite interested parties to provide a written submission, or request a conference with the ACCC, in response to the draft determination.
More information regarding the application and a copy of the Draft Determination are available by following the Authorising anti-competitive conduct and Authorisations links on the ACCC's website.