September 09,
ArcelorMittal, the world’s largest steelmaker, and No. 1 miner BHP Billiton have scrapped plans to combine their Iron ore assets in West Africa after they failed to make a final deal.
The two announced in January that they hoped to create a joint venture in neighboring Guinea and Liberia in order to cut costs on infrastructure. However they said on Wednesday in a joint statement that they had ended talks after failing to reach a commercial agreement.
BHP Billiton and ArcelorMittal will continue to advance their Iron ore interests in West Africa independently and work closely with Governments and their communities.
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