Rio Tinto - proposed acquisition of a 50% interest in the Hope Downs Iron Ore Project.

Summary

Rio Tinto Ltd - proposed acquisition of a 50% interest in the Hope Downs Iron Ore Project.

Market definition

The ACCC considered the proposed acquisition in the context of the global, seaborne and domestic supply of iron ore, and the supply of transport services for iron ore in the Pilbara region.

Competition analysis

The ACCC considered that the proposed acquisition was unlikely to substantially lessen competition in any of the relevant markets and decided to not oppose the proposed acquisition.

For detailed reasons for the ACCC's view, please refer to the Public Competition Assessment which has been published.

Merger type

Horizontal, Shareholding

Initiation

Parties, FIRB

Public competition assessment

Public competition assessment ( PDF 103.05 KB )