8 December 2007
Rio Tinto
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The high stakes game of bluff currently being played out by BHP Billiton and Rio Tinto looks, right now, to have no end in sight.
Marius Kloppers and Tom Albanese, the heads of these two resource giants, have been globetrotting the world telling anyone who'll listen why a merger between the two groups is a good or a bad idea.
The deal that BHP has proposed would result in a 400 billion dollar mining powerhouse, easily the biggest in the world, but Rio has rejected the advance as substantially undervaluing its assets.
But it's not just Rio's resistance that's standing in the way of BHP's ambitions.
There are potential regulatory hurdles and the prospect of a third party counter offer that could scupper the bid.
Guests
Malcolm Maiden
Senior business columnist, The Age.
Story Researcher and Producer
Scott Wales
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