Financial Times FT.com

BHP attacks Rio’s performance

By Peter Smith in Melbourne and Rebecca Bream in London

Published: April 22 2008 20:40 | Last updated: April 22 2008 20:40

BHP Billiton’s takeover battle for Rio Tinto moved into increasingly hostile territory on Tuesday when BHP’s chief executive launched an outspoken attack on his mining rival’s past underperformance and growth prospects.

In an interview with the Financial Times at BHP’s Melbourne headquarters, Marius Kloppers rounded on Rio’s chief executive, saying: “Tom Albanese has been comprehensively outperformed [by BHP] in terms of volume growth, earnings per share growth, total return for shareholders and share price performance.

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