Financial Times FT.com

China attacks BHP-Rio joint venture

By Patti Waldmeir in Shanghai, Sundeep Tucker in Hong,Kong and William MacNamara in London

Published: June 18 2009 03:00 | Last updated: June 18 2009 03:00

A senior Chinese official yesterday attacked the planned iron ore joint venture between Rio Tinto and BHP Billiton, raising expectations that Beijing may use its antitrust law to try to scupper the deal.

Chen Yanhai, head of the raw material department of China's ministry of industry and information technology, told state media that the joint venture "has an obvious colour of monopoly" and should be subject to China's anti-monopoly laws.

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